Loading chat...
MS HB1322
Bill
Status
Failed
2/23/2011
Primary Sponsor
Earle Banks
Click for details
AI Summary
- Imposes a one cent (1¢) excise tax on every retail sale of a plastic bottle containing a beverage or petroleum-based product in Mississippi
- Makes retailers liable for collecting the tax from consumers at the point of sale and requires monthly reporting to the Commissioner of Revenue by the 15th of each month
- Creates an Environmental Cleanup Fund in the State Treasury to receive all tax revenue, with funds appropriated by the Legislature to the Commission on Environmental Quality for cleanup of contaminated or hazardous sites
- Establishes penalties including 50% of unpaid tax amount plus 12% annual interest for violations, with misdemeanor liability for failure to pay or non-compliance
- Takes effect July 1, 2010
Legislative Description
Taxation; impose excise tax on sales of bottles of certain products, and designate revenue for environmental cleanup.
Last Action
Died In Committee
2/23/2011
Full Bill Text
No bill text available