MS SB2225

Adds new exemption (cc) to Mississippi sales tax law exempting gross proceeds from sales of tangible personal property made solely for raising funds for schools or school-affiliated organizations.

Defines "school" as any public or private school teaching courses to students in grades Kindergarten through 12.

Exemption applies only when sales are made for the sole purpose of fundraising for the school or affiliated organization.

Effective date is July 1, 2012.