MS HB1602

Amends Section 27-65-105 of Mississippi Code to add a new governmental sales tax exemption (paragraph k) for sales to schools and school districts under federally administered or coordinated programs.

Exempts tangible personal property, labor, services, and products sold to schools when payment is made by or through a nonprofit organization or entity established for or by a federal agency, commission, department, or other instrumentality of the United States government.

Applies only when the program is administered by or coordinated with a federal government entity and payment flows through an authorized nonprofit or entity associated with that federal instrumentality.

Takes effect July 1, 2015.

Does not affect tax claims, assessments, or actions for taxes accrued before the effective date.