MS HB1587

Adds new sales tax exemption for nonprofit organizations operating long-term care facilities exclusively for adults with mental retardation, provided the organization is exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code.

Exempts sales of tangible personal property and services to these qualifying long-term care facilities from Mississippi sales tax.

Effective date is July 1, 2010.

Does not affect any tax claims, assessments, or legal actions for taxes accrued before the effective date.