MS HB1149

Allocates a portion of use tax revenue collected from "voluntary taxpayers" (those without sales tax nexus but voluntarily remitting use tax) to municipalities in Mississippi

Department of Revenue calculates distribution amount by determining the percentage of sales tax revenue distributed to municipalities in prior fiscal year, multiplying by total voluntary use tax collected, then multiplying by 18.5%

Distributes funds among municipalities based on each municipality's proportion of total sales tax revenue received during the preceding fiscal year under Section 27-65-75(1)(a)

Distributions must be made on or before January 31, 2016, and annually on January 31 thereafter from General Fund January revenue collections

Effective July 1, 2016