MS HB402

Amends Mississippi Code Section 27-65-111 to add sales tax exemption for tangible personal property and services sold to Itawamba Crossroads Ranch, Inc.

The exemption applies to purchases by the organization but does not apply to taxes levied under Sections 27-65-15 or 27-65-21.

Exemption becomes effective July 1, 2022.

Does not affect or defeat any existing tax claims, assessments, appeals, suits, or liens accrued before the effective date.