House Bill 151 Summary

• Adds new subsection (n) to Mississippi Code Section 27-65-17 reducing the sales tax rate on recycling equipment sold to commercial recycling facilities from 7% to 1.5%

• Applies the reduced rate only when equipment is used exclusively and directly within Mississippi for compressing, shredding, or otherwise improving recyclable nonhazardous solid wastes for recycling purposes

• Requires equipment to be for "plant use only" at the commercial recycling facility to qualify for the reduced rate

• Takes effect July 1, 2010

• Does not affect any tax claims, assessments, or appeals for taxes accrued before the effective date