Mississippi House Bill HB1138

Mississippi 2024 Regular Session

• Introduced: 2/14/24
• Refer: 2/14/24
• Failed: 3/27/24

Caption

Sales tax; exempt sales tangible personal property and services to the Mississippi Aquarium in Gulfport.

Impact

If passed, this bill would specifically modify the existing sales tax laws to create a new exemption category that could benefit the aquarium financially. It would permit the aquarium, which plays a role in community education and engagement regarding marine life, to allocate more resources to its programs and infrastructure improvements. The impact on state revenue from this tax exemption, while not explicitly detailed in the bill, could be subject to scrutiny as legislators weigh the benefits of enhancing local tourism and community resources against the potential loss of tax revenue.

Summary

House Bill 1138 seeks to amend Section 27-65-111 of the Mississippi Code of 1972 with the intention of providing a sales tax exemption for tangible personal property or services sold to the Mississippi Aquarium in Gulfport. This bill highlights the ongoing consideration of tax policy as it pertains to specific entities like non-profit organizations and public attractions. The proposed amendment aims to bolster the operations of the Mississippi Aquarium by relieving it from certain tax burdens associated with its acquisitions.

Contention

The exemption bill may spark debate regarding fairness in tax policies and the extent to which state resources should support specific attractions. Detractors might argue that creating special exemptions for particular organizations could lead to demands for similar exemptions from other entities, potentially complicating tax structures further. Moreover, there could be concerns about equity, as taxpayers generally expect uniformity in tax application, and some may see the bill as preferential treatment for the aquarium over other similar organizations.