MS SB2324

Amends the definition of "business" under Mississippi sales tax law to exclude retail sales of food at universities, colleges, and community or junior colleges when sold to enrolled students.

Food sales qualify for the exemption only when payment is made through a prepaid declining balance account or similar card issued by the institution that may be used only to purchase prepared meals.

Defines "food" for this exemption as food for human consumption that would be exempt from sales tax if purchased with federal food stamps, excluding food stamps themselves.

Maintains existing exemptions for prepaid student meal plans and prepared meals sold to K-12 students.

Takes effect upon passage with no effect on tax claims, assessments, or appeals for taxes accrued before the effective date.