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MS SB2843

Bill

Status

Failed

2/1/2022

Primary Sponsor

Briggs Hopson

Click for details

Origin

Senate

2022 Regular Session

AI Summary

  • Redirects portions of standard license tag fees from the State General Fund to the Motor Vehicle Ad Valorem Tax Reduction Fund.

  • Redirects additional fees from distinctive university license tags, Ducks Unlimited tags, and Rebuild the Coast.org tags from the State General Fund to the Motor Vehicle Ad Valorem Tax Reduction Fund.

  • Eliminates State General Fund deposits from various other distinctive license tag fees (amateur radio, antique vehicles, personalized tags, firefighter, law enforcement, legislative, Pearl Harbor, street rod, and historical plates).

  • Changes the Department of Revenue License Tag Acquisition Fund so unexpended amounts above $500,000 lapse to the Motor Vehicle Ad Valorem Tax Reduction Fund instead of the State General Fund.

  • Reduces various registration and tag fees (antique vehicles from $25.00 to $1.25, personalized tags from $30.00 to $13.75, firefighter tags from $50.00 to $43.00, and others).

Legislative Description

Motor vehicle tags; remove portion of fees deposited to State General Fund, or rededicate to Ad Valorem Tax Reduction Fund.

Last Action

Died In Committee

2/1/2022

Committee Referrals

Finance1/17/2022

Full Bill Text

No bill text available