MS SB2570

Exempts from Mississippi sales tax all sales of tangible personal property or services to nonprofit organizations that operate long-term care facilities exclusively for adults with mental retardation

Qualifying organizations must be exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code

Amends Section 27-65-111 of the Mississippi Code of 1972, which governs miscellaneous sales tax exemptions

Effective date of July 1, 2010