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MS HB812
Bill
Status
2/27/2018
Primary Sponsor
Jeffrey Smith
Click for details
AI Summary
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Amends Section 27-65-21 of the Mississippi Code to require contractors using a material purchase certificate to report and pay sales tax on materials or services that do not become a component part of the structure being erected or repaired.
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Changes the language from "may" to "shall" regarding a contractor's ability to obtain a material purchase certificate and what materials the certificate "will" entitle them to purchase tax-free.
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Applies to contractors liable for tax under subsection (1) of Section 27-65-21, which covers construction and related contracting services exceeding $10,000.
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Takes effect upon passage.
Legislative Description
Sales tax; revise provisions regarding contractors using material purchase certificate to purchase materials that do not become component part of structure.
Last Action
Died In Committee
2/27/2018