MS SB2555

Adds new exemption effective July 1, 2015 for retail sales of accessories, equipment, labor, parts and services for truck-tractors and semitrailers used in interstate commerce and registered under the International Registration Plan (IRP) or similar reciprocal registration agreements.

Exempts one-half (1/2) of the sales taxes imposed on these transactions under Mississippi's sales tax code (Section 27-65-101).

Applies only to vehicles registered under interstate commerce reciprocity agreements as provided in Section 27-19-143.

Adds this exemption as subsection (7) to Section 27-65-101, Mississippi Code of 1972.

Effective date: July 1, 2014 for the statute itself, with the exemption applying to qualifying transactions from July 1, 2015 forward.