MS HB1338

Increases the percentage of sales tax revenue from business activities within municipalities that is diverted back to those municipalities from 18.5% to 20%, effective August 15, 2017

Applies to sales tax collected under the chapter except for taxes collected under Sections 27-65-15, 27-65-19(3), 27-65-21, and 27-65-24

Maintains existing provision allowing the State Auditor to withhold 10% of municipal allocations if a certificate of noncompliance is issued under Section 21-35-31

Distribution applies to all incorporated cities, towns, and villages, as well as county seats that are not incorporated municipalities (with funds going to the county treasury for road/bridge/street purposes)

Effective date of July 1, 2017