AN ACT TO AMEND SECTION 27-65-21, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE COST OF UNIMPROVED LAND AND THE COSTS OF SALE OF IMPROVED PROPERTY SHALL NOT BE INCLUDED IN THE TOTAL CONTRACT PRICE OR COMPENSATION RECEIVED FOR PURPOSES OF THE CONTRACTOR'S TAX; TO DELETE THE PROVISION OF LAW THAT EXCLUDES RESIDENTIAL CONSTRUCTION FROM THE CONTRACT PRICE OR COMPENSATION RECEIVED FOR PURPOSES OF THE CONTRACTOR'S TAX; TO AMEND SECTION 27-65-75, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A PORTION OF STATE SALES TAX REVENUE DERIVED FROM THE CONTRACTOR'S TAX SHALL BE DEPOSITED INTO A SPECIAL FUND CREATED BY THIS ACT IN THE STATE TREASURY AND DISTRIBUTED TO MUNICIPALITIES; TO AMEND SECTIONS 19-5-9 AND 21-19-25, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT TO THE EXTENT THAT A COUNTY OR MUNICIPALITY HAS ADOPTED CERTAIN CONSTRUCTION CODES WHICH REQUIRE PERMITTING AS A CONDITION TO CONSTRUCTION, THEN SUCH PERMITS SHALL CONTAIN ON THEIR FACE THE PRIME CONTRACTOR'S MATERIAL PURCHASE CERTIFICATE NUMBER FURNISHED BY THE DEPARTMENT OF REVENUE AND A COPY OF THE MATERIAL PURCHASE CERTIFICATE SHALL BE REQUIRED TO BE PROVIDED TO THE COUNTY OR MUNICIPALITY AS PART OF THE PRIME CONTRACTOR'S APPLICATION FOR SUCH PERMIT, PRIOR TO THE ISSUANCE OF A PERMIT; AND FOR RELATED PURPOSES.

Statutes affected:
As Introduced: 27-65-21, 27-65-75, 19-5-9, 21-19-25
As Passed by the House: 27-65-21, 27-65-75, 19-5-9, 21-19-25