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MS HB496

Bill

Official Source

Status

Failed

2/24/2021

Primary Sponsor

Larry Byrd

Click for details

Origin

House of Representatives

2021 Regular Session

AI Summary

  • Reduces the sales tax rate on retail sales of motorcycles from 7% to 5% by amending Section 27-65-17 of the Mississippi Code.
  • Motorcycles are defined according to Section 27-19-3 of Mississippi Code.
  • The reduced tax rate applies only to retail sales of motorcycles, not other vehicles.
  • Takes effect on July 1, 2021.
  • Does not affect any tax claims, assessments, or lawsuits for taxes accrued before the effective date.

Legislative Description

Sales tax; reduce rate on retail sales of motorcycles.

Last Action

Died In Committee

2/24/2021

Committee Referrals

Ways and Means1/18/2021

Full Bill Text

No bill text available