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MS HB129
Bill
Status
4/3/2012
Primary Sponsor
Clara Burnett
Click for details
AI Summary
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Allocates 18.5% of sales tax revenue collected from business activities in Tunica County outside municipal boundaries to the Tunica County Tourism Commission, beginning August 15, 2012
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Funds must be deposited into the Tourism Development and Support Fund created by separate legislation
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Applies to general sales tax revenue but excludes taxes collected under provisions for contractors' taxes, certain telecommunications taxes, and specific motor vehicle taxes
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Creates a new distribution mechanism similar to existing municipal sales tax sharing formulas, but directed to a county tourism entity rather than a municipality
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Effective date: July 1, 2012
Legislative Description
Sales tax revenue; divert portion of revenue collected in Tunica County to the Tunica County Tourism Commission.
Last Action
Died In Committee
4/3/2012