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MS SB2906
Bill
AI Summary
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Amends Section 27-67-31 of Mississippi Code to require 10% of total use tax revenue collected each month be deposited into the State Highway Fund starting August 15, 2024.
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State Highway Fund deposits shall be used exclusively for construction, reconstruction, repair, or maintenance of state highways.
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Deposits occur on or before the 15th of each month and apply to use tax revenue collected during the preceding month.
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Changes the remaining use tax revenue distribution by redesignating the remainder clause from subsection (i) to (j) to accommodate the new highway fund requirement.
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Takes effect July 1, 2024.
Legislative Description
Use tax revenue; deposit 10% into State Highway Fund for construction, reconstruction, repair or maintenance of highways.
Last Action
Died In Committee
3/5/2024