MS SB2815

Exempts sales of electricity, current, power, steam, coal, natural gas, liquefied petroleum gas, or other fuel to manufacturers, custom processors, technology intensive enterprises, or public service companies for industrial purposes from sales taxation under Section 27-65-107.

Removes the industrial use rate of 1.5% tax on fuel and instead provides a complete sales tax exemption for qualifying industrial purchasers, effective July 1, 2013.

Updates conforming sections of Mississippi Code including telecommunications taxation provisions and ad valorem tax refund procedures to reference the new exemption structure.

Clarifies that industrial use includes fuel used to generate electricity, operate electrical distribution or transmission systems, operate pipeline compressor or pumping stations, and operate railroad locomotives.

Makes technical amendments to Sections 27-65-19, 19-5-343, 27-38-5, and 27-65-75 to align with the new sales tax exemption for industrial fuel and power purchases.