MS SB2993

Amends Mississippi sales tax law to create a new exemption for retail sales to rural nonprofit organizations exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code.

Exemption applies only to rural organizations that have provided community service in Mississippi for 20 or more years, serve areas with an average individual poverty rate of 25% or higher, employ over 500 full-time employees, and have completed $5,000,000 or more in construction and real property refurbishment.

Adds the new exemption as subsection (bb) to Section 27-65-111, Mississippi Code of 1972, which governs state sales tax exemptions.

Effective date of July 1, 2025.