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MS SB3119
Bill
Status
Failed
2/25/2026
Primary Sponsor
Derrick Simmons
Click for details
AI Summary
- Reduces the state sales tax rate on groceries (food for human consumption not purchased with food stamps) from 5% to 0.5%, effective July 1, 2026
- Adjusts sales tax revenue distribution formulas to ensure municipalities continue receiving the same amount of grocery tax revenue they would have received without the rate reduction
- Creates a 259% distribution multiplier for grocery tax revenue allocated to municipalities starting September 15, 2026, compensating for the reduced rate
- Maintains existing 18.5% distribution rates for non-grocery sales tax revenue to municipalities, state institutions of higher learning, and community colleges
- Preserves current allocations to the Education Enhancement Fund, School Ad Valorem Tax Reduction Fund, and State Aid Road Fund with adjusted percentages for grocery tax collections
Legislative Description
Sales tax; reduce to 1/2% for groceries, and adjust distribution to avoid impact on municipalities.
Last Action
Died In Committee
2/25/2026
Committee Referrals
Finance2/17/2026
Full Bill Text
No bill text available