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MS HB393

Bill

Status

Passed

4/18/2016

Primary Sponsor

Mark Formby

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • 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

  • 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

  • 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

  • Reports must be filed within 90 days after the close of the fiscal year

  • 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

Committee Referrals

Finance3/11/2016
Revenue and Expenditure General Bills2/8/2016

Full Bill Text

No bill text available