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MS SB2663
Bill
AI Summary
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Allocates 18-1/2% of monthly sales tax revenue collected on business activities within fire protection districts containing five or more gaming licensees to the county where the district is located, effective August 15, 2012.
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Requires counties receiving these allocated funds to use the money exclusively for tourism projects and economic development projects that are approved by the Mississippi Development Authority.
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Amends Section 27-65-75 of the Mississippi Code of 1972 to add this new allocation mechanism to existing sales tax distribution provisions.
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Takes effect July 1, 2012.
Legislative Description
Sales tax; provide for a diversion to a county of collections in fire protection districts with 5 or more casinos.
Last Action
Died In Committee
3/6/2012
Full Bill Text
No bill text available