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MS HB393
Bill
Status
4/18/2016
Primary Sponsor
Mark Formby
Click for details
AI Summary
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Requires all taxing entities (counties, municipalities, school districts, fire districts, water districts, utility authorities, port commissions, and similar local/regional agencies) to file an annual report with the State Auditor detailing tax revenues received during the prior fiscal year
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Report must include total tax revenues from taxes levied by or for the entity, total tax revenues distributed from state/fuel tax diversions and other sources, and identification of each revenue source with corresponding amounts received
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Tax revenue includes ad valorem taxes, local sales taxes, gaming fees and taxes, payments in lieu of taxes, state sales tax diversions, fuel tax diversions, and other tax sources
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Reports must be filed within 90 days after the close of the fiscal year
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All filed reports shall be posted on the State Auditor's website for public access
Legislative Description
Taxing entities; require to file annual report providing amount of tax revenues received.
Last Action
Approved by Governor
4/18/2016