MS HB148

Amends Section 27-65-75 to allocate 18.5% of sales tax revenue collected from business activities outside municipalities in a county to the county, effective August 15, 2017.

The county allocation is in addition to existing funds distributed to counties under current law and applies to revenue not collected under specific exempted sections (27-65-15, 27-65-19(3), 27-65-21, and 27-65-24).

Amends Section 27-65-53 to allow counties, along with municipalities and state institutions of higher learning, to adjust erroneous disbursements of sales tax revenue with the Department of Revenue or have amounts withheld from future state payments.

Establishes the effective date as July 1, 2017.