MS HB1150

Amends Section 27-65-17 of the Mississippi Code to clarify that equipment used in logging, pulpwood operations, or tree farming qualifies for a reduced sales tax rate of 1.5% if the equipment is either self-propelled or permanently mounted/attached to self-propelled equipment.

Restricts the 1.5% reduced tax rate to sales made to a "professional logger," defined as a person, corporation, limited liability company, or other entity that possesses a professional logger's permit issued by the Department of Revenue.

Requires the Department of Revenue to establish an application process for professional logger permits that includes verification that the applicant is certified according to Sustainable Forestry Initiative guidelines.

Requires professional loggers to present their numbered permit to the seller at the time of purchase to be eligible for the reduced tax rate.

Takes effect July 1, 2020.