MS SB2636

Amends Section 27-65-75 of Mississippi Code to redirect sales tax revenue from cotton compresses and cotton warehouses to the Boll Weevil Management Fund instead of the General Fund.

From August 15, 2010 through July 15, 2011, fifty percent (50%) of sales tax avails from cotton compress and warehouse sales shall be deposited into the Boll Weevil Management Fund until the fund reaches $1,000,000 per fiscal year.

From August 15, 2011 forward, one hundred percent (100%) of sales tax avails from cotton compress and warehouse sales shall be deposited into the Boll Weevil Management Fund until the fund reaches $1,000,000 per fiscal year.

Effective July 1, 2010.