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MS HB1553

Bill

Official Source

Status

Failed

2/27/2019

Primary Sponsor

Tom Miles

Click for details

Origin

House of Representatives

2019 Regular Session

AI Summary

  • Adds a new exemption to Mississippi sales tax law for sales of coins, currency, legal tender, medallions, numismatic coins, and platinum, gold or silver bullion.

  • The exemption is added as subsection (uu) to Section 27-65-111 of the Mississippi Code of 1972.

  • Exemption does not apply to taxes levied under Sections 27-65-15 or 27-65-21.

  • The exemption becomes effective July 1, 2019.

  • Does not affect any tax claims, assessments, or suits for taxes due before the effective date.

Legislative Description

Sales tax; exempt sales of coins, gold, silver and other metals.

Last Action

Died In Committee

2/27/2019

Committee Referrals

Ways and Means1/21/2019

Full Bill Text

No bill text available