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MS HB355
Bill
Status
3/16/2016
Primary Sponsor
Brent Powell
Click for details
AI Summary
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Exempts sales of electricity to homeowners' associations from the 7% sales tax when used solely to operate street lights and security equipment for safety and security within the association's boundaries.
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Exempts sales of street lights and security equipment (including alarm systems, cameras, video equipment, and monitoring/surveillance equipment) to homeowners' associations from sales tax when used solely for safety and security purposes within the association's boundaries.
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Defines "security equipment" to include alarm systems, cameras, video equipment, and other types of monitoring, recording, or surveillance equipment.
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Effective July 1, 2016.
Legislative Description
Sales tax; exempt sales of electricity, street lights and security equipment to homeowners' associations for security purposes.
Last Action
Died In Committee
3/16/2016