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MS HB1620

Bill

Status

Failed

4/29/2024

Primary Sponsor

John Lamar

Click for details

Origin

House of Representatives

2024 Regular Session

AI Summary

  • Expands the types of expenditures that municipalities and counties can count toward their "base expenditures" requirement for receiving state infrastructure funds by including expenses that cannot be paid with state monies but are still related to the allowable purposes.

  • For municipalities, allows expenditures on roads, streets, bridges, water infrastructure, sewer infrastructure, and storm water/drainage improvements to count toward the base expenditure calculation if they are ineligible for state fund reimbursement.

  • For counties, allows expenditures on roads, streets, and bridge repairs, maintenance, and reconstruction to count toward the base expenditure calculation if they are ineligible for state fund reimbursement.

  • Maintains the existing distribution formulas for municipalities (equal shares plus population and sales tax-based allocations) and counties (equal shares plus rural road miles and rural population-based allocations).

  • Effective July 1, 2024.

Legislative Description

Use tax; revise certain provisions regarding funds distributed to municipalities and counties for infrastructure assistance.

Last Action

Died In Conference

4/29/2024

Committee Referrals

Finance3/21/2024
Ways and Means2/19/2024

Full Bill Text

No bill text available