MS SC523

Creates a study committee on Mississippi's tax system to report findings and recommendations to the Legislature during the 2014 Regular Session, including any proposed legislation.

Committee composed of 15 members including legislative leaders (President Pro Tempore, Speaker Pro Tempore, committee chairmen), state officials (Treasurer, State Auditor, Department of Finance and Administration Executive Director), and representatives from the Department of Revenue, State Board of Public Accountancy, Mississippi Bar Taxation Section, Supervisors Association, Municipal Association, and three public members designated by the Governor, Lieutenant Governor, and Speaker.

Committee shall study and make recommendations regarding state tax imposition and tax exemptions across all areas including sales taxes, income taxes, privilege taxes, fuel taxes, tax diversions, and state-local tax relationships.

Non-legislative, non-state employee members receive per diem compensation and expense reimbursement; legislative members paid from contingent expense funds of their respective houses except during legislative sessions.

Committee dissolves upon presentation of its report to the 2014 Regular Session.