MS HB1343

Phases out sales tax on food for human consumption (eligible food items that would be exempt if purchased with food stamps) over six years beginning July 1, 2019.

Tax rates decrease annually: 6% (July 2019-June 2020), 5% (July 2020-June 2021), 4% (July 2021-June 2022), 3% (July 2022-June 2023), 2% (July 2023-June 2024), 1% (July 2024-June 2025).

Full exemption from sales tax takes effect July 1, 2025 for eligible food items, matching the same exemption that applies to food purchased with federal food stamps.

Amends Mississippi Code Sections 27-65-17 and 27-65-111 to implement the phased tax reduction and create new permanent food exemption category.

Effective date is July 1, 2019; does not affect prior tax claims or assessments.