MS HB1522

Exempts sales of electricity, current, power, steam, coal, natural gas, liquefied petroleum gas, or other fuel from sales taxation when sold to manufacturers, custom processors, technology intensive enterprises, or public service companies for industrial purposes, including generating electricity and operating distribution systems.

Amends Section 27-65-19 to cap the natural gas tax for agricultural producers at 10.5 cents per 1,000 cubic feet and updates telecommunications service tax provisions and definitions.

Modifies Section 19-5-343 regarding prepaid wireless E911 charges, establishing a $1.00 per transaction charge collected by sellers with a 2% administrative deduction.

Updates Section 27-38-5 to reference the correct telecommunications tax provision and Section 27-65-75 to clarify revenue distribution allocations.

Takes effect July 1, 2012.