HB 1734 Summary

• Redirects state use tax revenue starting August 15, 2023: deposits of $1,666,666.67 monthly (or 2.5% of use tax revenue, whichever is greater) to both the Local System Bridge Replacement and Rehabilitation Fund and the newly funded State Aid Road Fund.

• Requires funds deposited into the State Aid Road Fund to prioritize repair and replacement of deficient state aid system bridges, with allocation to counties based 50% on bridge count and 50% on total deck area.

• Authorizes county boards of supervisors to expend funds on deficient state aid system bridges during their final term of office, exempting such expenditures from the usual spending restrictions during the last year of their term.

• Expands the existing 50% income tax credit for employers providing dependent care to also include employers paying child care stipends of at least $6,000 annually to licensed or registered child care entities in Mississippi.

• Effective July 1, 2023.