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MS HB789
Bill
Status
6/3/2020
Primary Sponsor
Jeramey Anderson
Click for details
AI Summary
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Phases out the 7% sales tax on food for human consumption (not purchased with food stamps) that would otherwise be exempt if purchased with food stamps, reducing the rate by 1% per year from July 1, 2020 through July 1, 2026.
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Tax rates decrease as follows: 6% (July 2020-June 2021), 5% (July 2021-June 2022), 4% (July 2022-June 2023), 3% (July 2023-June 2024), 2% (July 2024-June 2025), 1% (July 2025-June 2026), and 0% (July 2026 onward).
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Applies only to food items that meet the same criteria as those eligible for purchase with federal food stamps/SNAP benefits.
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Becomes effective July 1, 2020, with no retroactive effect on tax claims or assessments accrued before that date.
Legislative Description
Sales tax; phase out on sales of certain food.
Last Action
Died In Committee
6/3/2020