MS HB1579

Reduces sales tax rate on retail food for human consumption (not purchased with food stamps but qualifying for food stamp exemption) from 7% to 3.5%, effective July 1, 2011.

Modifies sales tax revenue distribution to municipalities by excluding the new 3.5% food tax from the standard 18.5% municipal allocation starting August 15, 2011.

Increases municipal share of sales tax revenue on dairy facility repairs from the standard rate to 37%, effective August 15, 2011.

Takes effect July 1, 2010.