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MS HB495
Bill
Status
2/5/2019
Primary Sponsor
Earle Banks
Click for details
AI Summary
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Allocates 1% of fuel tax revenue (gasoline, diesel fuel, and kerosene) collected within Jackson, Mississippi to the City of Jackson beginning August 15, 2018.
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Allocated funds must be dedicated solely to street construction and repair, and infrastructure maintenance and improvements in Jackson.
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Funds are designated to help the City of Jackson offset ad valorem tax losses from state-owned property and cover increased infrastructure, law enforcement, and public safety costs from being the state capital.
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Payments to Jackson are in addition to any other funds already allocated to the city under existing law.
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Effective date is July 1, 2019.
Legislative Description
Fuel taxes; allocate a portion to the City of Jackson to defray costs incurred as a result of being the seat of state government.
Last Action
Died In Committee
2/5/2019