MS HB480

Expands Mississippi's use tax to require collection by out-of-state online sellers with no physical presence in the state if their retail sales into Mississippi exceed $250,000 in the preceding calendar year

Allocates 70% of use tax revenue collected from these out-of-state sellers to a special fund for the Department of Transportation to use for road, street, and bridge repair, maintenance, and reconstruction

Distributes 15% of such revenue to counties, divided equally among all counties (one-third), by rural road miles (one-third), and by rural population (one-third), for local road and bridge projects

Distributes 15% of such revenue to municipalities based on their proportional share of sales tax distributions, for local road, street, and bridge maintenance

Requires the Department of Revenue to make annual distributions by January 31, beginning January 31, 2018, with the act taking effect July 1, 2017