AN ACT TO REQUIRE THE DEPARTMENT OF REVENUE TO COLLECT DATA FROM EACH COUNTY SHOWING TOTAL REVENUE FROM THE INVENTORY TAX FOR THE 2025 TAX YEAR; TO REQUIRE THE DEPARTMENT TO PROVIDE TO THE CHAIRMEN OF THE SENATE FINANCE COMMITTEE AND THE HOUSE WAYS AND MEANS COMMITTEE, NO LATER THAN DECEMBER 1, 2026, A REPORT CONTAINING INFORMATION FROM THE 2025 TAX YEAR REGARDING TOTAL REVENUE FROM THE INVENTORY TAX, TOTAL AMOUNT OF CREDITS CLAIMED FOR INVENTORY TAX PAYMENTS, CATEGORIZED BY ENTITY TYPE, AND TOTAL AMOUNT OF CREDITS ALLOCATED FOR INVENTORY TAX PAYMENTS, CATEGORIZED BY ENTITY TYPE; TO BRING FORWARD SECTION 27-7-22.5, MISSISSIPPI CODE OF 1972, FOR THE PURPOSE OF POSSIBLE AMENDMENT; AND FOR RELATED PURPOSES.

Statutes affected:
As Introduced: 27-7-22.5, 27-17-9, 27-17-35, 27-17-162, 27-17-299, 27-17-365, 27-17-415, 27-17-423, 27-17-425
Committee Substitute: 27-7-22.5
As Passed by the Senate: 27-7-22.5