MS SB3024

Appropriates $41,602,025.00 from the State General Fund and $24,603,879.00 from special funds to the Mississippi Department of Revenue for fiscal year 2020 (July 1, 2019 - June 30, 2020).

Allocates funds across six departmental divisions: General Administration ($25,733,453.00), Tax Administration ($7,871,004.00), Audit ($9,659,877.00), Tax Enforcement ($7,053,513.00), Property & Motor Vehicle Services ($4,391,004.00), and Alcohol Beverage Control ($11,497,053.00).

Appropriates $80,625,992.00 to reimburse counties, school districts, and municipal separate school districts for tax losses from homestead property tax exemptions under Mississippi Code Section 27-33-1 et seq.

Appropriates $3,247,190.00 from the General Fund and $330,770.00 from the Capital Expense Fund for the purchase of motor vehicle license tags.

Authorizes the Department of Revenue Commissioner to transfer up to 25% of appropriated funds between programs and provides up to 3% pay increases to full-time employees' Variable Compensation Plan realignment component.