MS HB1693

Adds a new sales tax exemption for retail sales of tangible personal property purchased with credit cards or other payment forms issued by the Marine Toys for Tots Foundation as part of local toy collection campaigns under the U.S. Marine Corps Reserve Toys for Tots Program.

Amends Section 27-65-111, Mississippi Code of 1972, by adding subsection (cc) to the list of exemptions from state sales taxation.

Exemption applies only to purchases made with payment instruments specifically issued by the Marine Toys for Tots Foundation for their toy collection campaigns.

Takes effect July 1, 2010.

Does not affect or defeat any existing tax claims, assessments, appeals, or suits relating to taxes accrued before the bill's effective date.