MS HB1591

Reduces the sales tax rate from 7% to 1.5% on equipment sold to licensed contractors for use exclusively in constructing, reconstructing, repairing, rehabilitating, or resurfacing highways, roads, or bridges in Mississippi

The reduced 1.5% rate also applies to parts and labor used to maintain and repair such road construction equipment

Amends Section 27-65-17 of the Mississippi Code of 1972 to add this new tax category alongside existing reduced rates for farm equipment, manufacturing machinery, and logging equipment

Does not affect any tax claims, assessments, or appeals that accrued before the effective date

Effective date: July 1, 2014