House Bill 588 Summary

• Reduces the sales tax exemption for raw materials used by manufacturers in producing vessels and barges of 50+ tons to one-half (1/2) of taxes imposed instead of a full exemption.

• Eliminates the sales tax exemption for electricity, current, power, steam, coal, natural gas, liquefied petroleum gas, or other fuel sold to manufacturers for industrial purposes.

• Reduces the sales tax exemption for tangible personal property and services sold to hospitals and infirmaries to one-half (1/2) of taxes imposed instead of a full exemption.

• Eliminates the sales tax exemption for retail sales of firearms, ammunition, and hunting supplies made during the annual Mississippi Second Amendment Weekend holiday.

• Effective date: July 1, 2019.