MS HB1284

Creates the Department of Revenue License Tag Acquisition Fund to receive the portion of motor vehicle registration and tag fees equal to the cost of license tags, decals, and associated freight costs, effective July 1, 2021.

Authorizes the Department of Revenue to use monies from the fund to pay costs for purchasing license tags, decals, and associated freight costs.

Requires all unexpended amounts in the fund above $500,000 at the end of each fiscal year to lapse into the State General Fund, beginning with fiscal year 2022.

Removes the requirement that Department of Revenue License Tag operations be funded through legislative appropriation from the State General Fund.

Takes effect July 1, 2021.