Mississippi House Bill HB223

Mississippi 2024 Regular Session

• Introduced: 1/17/24
• Refer: 1/17/24
• Failed: 3/27/24

Caption

Sales tax; exempt sales of tangible personal property or services to the Lincoln Civic Center Foundation.

Impact

If enacted, this legislation will specifically integrate an exemption for the Lincoln Civic Center Foundation into existing tax law, contributing to its operational sustainability. As the bill states, any sales made to the Foundation for necessary goods and services will not be taxed, potentially allowing for increased investment in community facilities and services provided by the Foundation. This exemption aligns with other existing exemptions provided to various charitable and nonprofit entities under Mississippi tax regulations.

Summary

House Bill 223 amends Section 27-65-111 of the Mississippi Code of 1972 to exempt sales of tangible personal property or services to the Lincoln Civic Center Foundation from sales taxation. The intent is to provide financial relief for the Foundation, which is likely involved in community events and services that enhance local cultural and civic engagement. The bill aims to support organizations that contribute to public welfare without imposing the burden of sales tax, thereby facilitating their funding and operations.

Contention

Notably, while the bill may appear beneficial for the Lincoln Civic Center Foundation and similar organizations, it could raise concerns among lawmakers regarding the broader implications of tax exemptions. Some may contend that such exemptions could set a precedent, leading to requests from other organizations for similar treatment, which could strain state tax revenues. This aspect will likely provoke discussions on how to balance the need for community support with the state's fiscal responsibilities.