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MS SB2365

Bill

Official Source

Status

Passed

6/23/2020

Primary Sponsor

Sally Doty

Click for details

Origin

Senate

2020 Regular Session

AI Summary

  • Amends Section 27-51-103 of Mississippi Code of 1972 regarding motor vehicle ad valorem tax credits
  • Requires that tax receipts for motor vehicle ad valorem taxes clearly indicate the credit is granted by legislative action but shall not specify any particular legislative session
  • Maintains existing credit structure for private carriers of passengers and light carriers of property, with credits determined by the State Tax Commission based on available Motor Vehicle Ad Valorem Tax Reduction Fund amounts
  • Takes effect July 1, 2020

Legislative Description

Motor vehicles; provide that ad valorem tax receipts shall not specify legislative session in relation to tag credit.

Last Action

Approved by Governor

6/23/2020

Committee Referrals

Ways and Means3/17/2020
Finance2/13/2020

Full Bill Text

No bill text available