MS HB1110

Increases the portion of sales tax revenue diverted to Mississippi municipalities from 18.5% to 19.5%, effective August 15, 2015.

The increased diversion applies to sales tax revenue collected on business activities within municipal corporations, excluding certain specific tax provisions.

Municipalities include all incorporated cities, towns, and villages in the state.

The act takes effect July 1, 2015, and is repealed June 30, 2015 (creating a one-year temporary authorization requiring legislative renewal).