Mississippi Senate Bill 2265 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on February 24 2010 - 100% progression
Action: 2010-02-24 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Amend Section 27-31-1, Mississippi Code Of 1972, To Clarify That The Real Or Personal Property Belonging To Any Foundation That Is Exempt From Federal Income Taxation Under Section 501(c)(3) Of The Internal Revenue Code And Receives, Invests And Administers Private Support For A State-supported Institution Of Higher Learning, Is Exempt From Ad Valorem Taxation; To Amend Section 27-65-111, Mississippi Code Of 1972, To Exempt From Sales Taxation Sale Of Tangible Personal Property And Service To Any Foundation That Is Exempt From Federal Income Taxation Under Section 501(c)(3) Of The Internal Revenue Code And Receives, Invests And Administers Private Support For A State-supported Institution Of Higher Learning; And For Related Purposes.

Ad valorem and sales tax; exempt certain foundation that provide support to state institutions of higher learning.

Sen. Eugene Clarke [R]

Date	Chamber	Action
2010-02-24		Died In Committee
2010-01-07		Referred To Finance

Type	Source
Summary	https://billstatus.ls.state.ms.us/2010/pdf/history/SB/SB2265.xml
Text	https://billstatus.ls.state.ms.us/documents/2010/html/SB/2200-2299/SB2265IN.htm