MS SB2032

Amends Mississippi Code Section 27-65-111 to add a new sales tax exemption for sales of tangible personal property and services to community action agencies that are exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code.

The exemption applies only to community action agencies that receive all their operational funds from federal or state governments.

This exemption is added to the existing list of exempt organizations in Mississippi's sales tax code, which already includes hospitals, schools, nonprofits, and various charitable organizations.

The bill takes effect on July 1, 2020.