MS HB218

Allocates an additional 1.5% of sales tax revenue collected on business activities within municipalities to those municipalities, effective August 15, 2018, dedicated solely to street and road construction, repair, and maintenance.

Allocates 1.5% of sales tax revenue collected on business activities outside municipalities but within counties to those counties, effective August 15, 2018, dedicated solely to street and road construction, repair, and maintenance.

These new allocations are in addition to existing municipal distributions and cannot be counted as general fund revenue by recipients.

Modifies Section 27-65-53 to allow counties to adjust erroneous disbursements and permits the state to withhold funds owed to counties to offset overpayments, similar to existing provisions for municipalities.

Effective date: July 1, 2018.