SB2492: Use tax; revise certain provisions regarding funds distributed to municipalities and counties for infrastructure purposes.

Legislative Summary

An Act To Amend Section 27-67-35, Mississippi Code Of 1972, To Allow Municipalities To Use Monies From Use Tax Revenue For Personal Property Or Equipment To Be Used For The Repair, Maintenance And/or Reconstruction Of Roads, Streets And Bridges, Or To Be Used For The Repair, Maintenance And/or Other Improvements To Water Infrastructure And Sewer Infrastructure, Including Storm Water And Drainage Improvements; To Allow Counties To Use Monies From Use Tax Revenue For Personal Property Or Equipment To Be Used For The Repair, Maintenance And/or Reconstruction Of Roads, Streets And Bridges; To Revise The Types Of Expenditures That May Be Considered When Calculating Expenditures Made By A Municipality Or County For Road And Bridge Improvements And, For Municipalities, Water And Sewer Infrastructure Improvements, During The Previous Fiscal Year For The Purpose Of Allocating Use Tax Revenue To The Municipality Or County; And For Related Purposes.