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MS SB2612
Bill
AI Summary
- Amends Section 27-25-11 of Mississippi Code to revise distribution of timber severance tax collections between the Forest Resources Development Fund and counties
- Changes county allocation from 30% to funds that may be used for retiring bonds issued for road repair, with boards of supervisors having discretion to expend funds for county road and bridge maintenance or general county bond retirement
- Requires the Commissioner of Revenue to collect taxes and certify amounts due to each county, with the State Treasurer remitting county shares by the 15th of the month following collection
- Mandates the Commissioner deliver a monthly report to receiving counties showing tax collection details
- Takes effect July 1, 2012
Legislative Description
Forest severance tax; revise to fund bonds issued by county for road repair.
Last Action
Died In Committee
3/6/2012
Full Bill Text
No bill text available