MS SB2978

Amends Section 27-65-21 of Mississippi Code to exempt from the 3.5% contractor's tax the portion of a contract price attributable to engineering services when those services are performed by a professional engineer who is the general or prime contractor.

Adds this exemption as an additional condition to the existing exemption for design or engineering services on projects exceeding $100 million in total contract price.

The exemption applies only when the professional engineer meets the definition in Section 73-13-3 and serves as the general or prime contractor for the project.

Takes effect July 1, 2014.