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MS SB3098
Bill
AI Summary
- Revises the distribution of Tunica County's gaming revenue tax (up to 3.2% of gross gaming revenue) collected from gaming vessels on navigable waters in or contiguous to the county
- Requires gaming tax proceeds attributable to gross gaming revenue from sports pools or race books to be deposited into a special county fund used solely to pay and/or reduce indebtedness from public school building construction
- Authorizes any annual surplus in the county general road fund (which receives 12% of gaming tax proceeds) to be loaned to the county general fund
- Maintains the existing distribution formula for non-sports-betting revenue: 12% to the county road fund, 64% to a special infrastructure/general fund, 12% for education, 10% to the Town of Tunica, and 2% for teacher salary supplementation and training
- Updates statutory references from "State Tax Commission" to "Department of Revenue" throughout the law
Legislative Description
Tunica County; revise distribution of gaming revenue tax.
Last Action
Died In Conference
3/29/2019
Committee Referrals
Local and Private Legislation3/22/2019
Local and Private3/5/2019
Full Bill Text
No bill text available