MS SB2255 | 2011 | Regular Session

Status

Completed Legislative Action
Sponsorship: Partisan Bill (Republican 1)
Status: Failed on February 23 2011 - 100% progression
Action: 2011-02-23 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

Summary

An Act To Require Entities That Transmit Wire Transfers To Collect A Fee On Wire Transfers Transmitted To Locations Outside The United States; To Require The Fees So Collected To Be Transmitted To The Department Of Revenue Not Later That The Fifteenth Day Of The Month Following The Close Of Each Calendar Quarter; To Create A Special Fund In The State Treasury To Be Known As The Border Fence Fund And To Require Revenue Collected As A Result To The Wire Transfer Fee To Be Deposited To The Credit Of The Fund; To Provide That Money In The Fund Shall Be Used For The Purpose Of Assisting In The Construction Of A Fence Along The Border Between The United States And Mexico; To Provide That A Taxpayer Shall Be Allowed An Income Tax Credit In An Amount Equal To The Wire Transfer Fees Paid By The Taxpayer; And For Related Purposes.

Tracking Information

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Title

Out-of-country wire transfers; impose a fee on, create the Border Fence Fund and deposit revenue into the fund.

Sponsors


History

DateChamberAction
2011-02-23 Died In Committee
2011-02-01 DR - TSDPCS: JA To FI
2011-01-10 Referred To Judiciary, Division A;Finance

Mississippi State Sources


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