Senate Bill 2469 Summary

• Amends the definition of "business" under Mississippi sales tax law to exclude retail food sales on university and college campuses when purchased by enrolled students using prepaid declining balance accounts issued by the institution.

• Applies to public or private universities, colleges, community colleges, and junior colleges in Mississippi.

• Defines "food" for this exemption as food for human consumption that would qualify for exemption under Section 27-65-111(o) if purchased with federal food stamps, excluding items purchased with actual food stamps or other federal assistance.

• Does not affect existing tax claims, assessments, or collection activities for taxes accrued before the act's effective date.

• Takes effect upon passage.