MS HB1480

Allocates a portion of use tax revenue collected under Mississippi use tax law to municipalities for distribution starting January 31, 2019, and annually thereafter.

Calculates distribution amount by determining the percentage of sales tax revenue distributed to municipalities in the prior fiscal year, then applying that same percentage to total use tax revenue collected in the prior fiscal year.

Distributes allocated funds among municipalities proportionally based on the amount of sales tax revenue each municipality received in the preceding fiscal year.

Restricts municipal use of distributed funds solely to repair, maintenance, construction, and reconstruction of roads, streets, and bridges.

Brings forward Section 27-67-3 of Mississippi Code defining terms used in the use tax law, including "person," "tangible personal property," "use," "sale," and "specified digital products."