Mississippi HB207 brings forward sections of law relating to motor vehicle ad valorem tax credit and sales tax revenue distribution.
Mississippi HB207 brings forward sections of law relating to motor vehicle ad valorem tax credit and sales tax revenue distribution. It updates sections 27-51-101, 27-51-103, 27-51-105, and 27-51-107 of the Mississippi Code of 1972, which authorize a motor vehicle ad valorem tax credit. It also updates Section 27-65-75, which provides for the distribution of state sales tax revenue. The bill specifies the allocation of sales tax revenue to various funds, including the Motor Vehicle Ad Valorem Tax Reduction Fund, the Education Enhancement Fund, and the State Aid Road Fund.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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