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MS HB733
Bill
Status
4/2/2024
Primary Sponsor
Bill Kinkade
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AI Summary
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Directs $1,250,000 monthly in sales tax revenue from businesses classified under North American Industry Classification System Code 451110 to be deposited into the Mississippi Outdoor Stewardship Trust Fund beginning August 15, 2024.
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Amends Section 27-65-75 to establish this new sales tax diversion while maintaining existing allocations to municipalities, state agencies, education funds, and other designated programs.
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Updates Section 49-39-7 to clarify that the Mississippi Outdoor Stewardship Trust Fund may receive funds "in any manner" and specifies unobligated balances exceeding $20 million shall lapse to the General Fund annually.
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Establishes fund eligibility criteria including state park improvements, acquisition of critical conservation areas, wetland restoration, and public water access projects, with restrictions on private land acquisitions until after July 1, 2024.
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Takes effect July 1, 2024.
Legislative Description
Sales tax; deposit portion of revenue into the Mississippi Outdoor Stewardship Trust Fund.
Last Action
Died In Committee
4/2/2024