MS HB1075

Reduces the sales tax exemption for raw materials used by manufacturers in processing vessels or barges of 50+ tons from full exemption to one-half (1/2) exemption under Section 27-65-101(1)(b).

Eliminates the sales tax exemption for electricity, coal, natural gas, liquefied petroleum gas and other fuel sold to manufacturers under Section 27-65-107(f), removing "manufacturer" from the list of eligible entities.

Reduces the sales tax exemption for tangible personal property and services sold to nonprofit hospitals and infirmaries from full exemption to one-half (1/2) exemption under Section 27-65-111(a).

Eliminates the sales tax exemption for retail sales of firearms, ammunition and hunting supplies during the annual Mississippi Second Amendment Weekend holiday (last Friday in August through following Sunday) by removing paragraph (ff) from Section 27-65-111.

Effective July 1, 2020.