MS SB2917

Creates an "Infrastructure Improvement Fund" in the State Treasury to receive deposits from income tax, sales and use tax, gaming fees, and bond proceeds, with money distributed to municipalities (30%), counties (10%), state general fund (30%), and state highway fund (30%).

Increases income tax rates by 0.1% across all brackets (from 3% to 3.1%, 4% to 4.1%, and 5% to 5.1%), sales and use tax rates by 0.1% (from 7% to 7.1%), gaming license fees by 0.1% (from 4% to 4.1%, 6% to 6.1%, and 8% to 8.1%), and related service tax rates by 0.1%.

Authorizes the State Bond Commission to issue general obligation bonds to fund the Infrastructure Improvement Fund, with principal and interest payments to be made from a dedicated bond sinking fund.

Requires monthly allocations of 0.0156% of income tax revenue, 0.0345% of sales tax revenue, and 0.03% of use tax and gaming fee revenue to be deposited into the Infrastructure Improvement Fund beginning August 2013.

Effective July 1, 2013.