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MS HB125
Bill
Status
2/3/2015
Primary Sponsor
Joe Warren
Click for details
AI Summary
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Amends Section 77-3-17 of the Mississippi Code to require cooperatives to include sales to industrial customers when calculating the 2% of gross revenue payment owed to municipalities.
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Previously, cooperatives only paid 2% based on sales to residential and commercial customers; this bill expands the calculation to include industrial customer sales.
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Other utilities (non-cooperatives) continue to pay 2% based only on residential and commercial customer sales, maintaining different treatment between cooperatives and other utilities.
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Payments to municipalities remain quarterly and apply whether or not the utility holds a franchise to operate in the municipality.
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Takes effect July 1, 2015.
Legislative Description
Utility cooperatives; include industrial customers in calculation of percentage of gross revenue sales paid to municipalities.
Last Action
Died In Committee
2/3/2015