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MS SB2252
Bill
AI Summary
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City of Jackson would receive 2% of state fuel tax revenue (gasoline, diesel, and kerosene) collected on fuel sold within the city, beginning August 15, 2014
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Funds must be dedicated exclusively to street construction and repair, and infrastructure maintenance and improvements, and cannot be used as general fund revenue
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Payment is intended to compensate Jackson for ad valorem tax losses from state-owned property and increased infrastructure, law enforcement, and public safety costs associated with being the state capital
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The allocation would be in addition to any other state funds the city already receives under existing distribution formulas
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Amends Mississippi Code Sections 27-65-75 and 27-5-101 to establish the new fuel tax distribution to Jackson
Legislative Description
Fuel taxes; allocate a portion to the City of Jackson to defray costs incurred as a result of being the seat of state government.
Last Action
Died In Committee
2/4/2014