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MS HB999
Bill
Status
2/27/2013
Primary Sponsor
Joey Hood
Click for details
AI Summary
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Reduces sales tax rate to 5% on retail sales of tangible personal property purchased by disabled veterans, down from the standard 7% rate.
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Defines "disabled veteran" as a person with service-connected total disability who is an honorably discharged American veteran and possesses a disabled veteran's permit issued by the Department of Revenue.
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Requires the Department of Revenue to establish an application process for disabled veteran's permits, including proof of service-connected total disability and honorable discharge status.
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Requires disabled veterans to present their numbered permit to sellers at the time of purchase to receive the reduced tax rate.
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Takes effect July 1, 2013.
Legislative Description
Sales tax; reduce rate on retail sales of tangible personal property to disabled veterans.
Last Action
Died In Committee
2/27/2013