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MS HB733

Bill

Status

Failed

4/2/2024

Primary Sponsor

Bill Kinkade

Click for details

Origin

House of Representatives

2024 Regular Session

AI Summary

  • 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.

  • 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.

  • 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.

  • 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.

  • 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

Committee Referrals

Wildlife, Fisheries and Parks3/21/2024
Ways and Means1/29/2024

Full Bill Text

No bill text available