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MS HB480
Bill
Status
3/3/2020
Primary Sponsor
Earle Banks
Click for details
AI Summary
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Allocates 1% of fuel tax revenue (gasoline, diesel fuel, and kerosene) collected within Jackson, Mississippi to the City of Jackson, beginning August 15, 2019.
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Funds allocated to Jackson must be dedicated solely to street construction and repair and infrastructure maintenance and improvements, not general fund revenue.
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Payment to Jackson is designated to help defray ad valorem tax loss from state-owned property and increased infrastructure, law enforcement, and public safety costs from being the state capital.
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Amends Section 27-65-75 of the Mississippi Code to establish the allocation mechanism and Section 27-5-101 to reference the fuel tax distribution to Jackson.
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Effective July 1, 2020.
Legislative Description
Fuel taxes; allocate a portion to the City of Jackson to defray costs incurred as a result of being the seat of state government.
Last Action
Died In Committee
3/3/2020