MS SB2990 | 2024 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on May 14 2024 - 100% progression
Action: 2024-05-14 - Died In Conference
Text: Latest bill text (Engrossed) [HTML]

Summary

An Act To Amend Sections 27-65-17 And 27-65-23, Mississippi Code Of 1972, To Provide That Sales Of Equipment And Materials Used In Connection With Geophysical Surveying, Exploring, Developing, Drilling, Redrilling, Completing, Working Over, Producing, Distributing Or Testing Of Oil, Gas And Other Mineral Resources Shall Be Taxed At 4%; To Provide That Operators That Rebill Sales Of Equipment And Materials To Nonoperating Working Interest Owners On Behalf Of The Joint Account Through Joint Interest Billing (jib), Where The Sales Tax Has Been Paid Or Accrued By The Operator, Shall Not Be Charged Sales Tax On The Jib As Services Income; To Eliminate The 7% Tax On The Gross Income Of Businesses Performing Services In Connection With Geophysical Surveying, Exploring, Developing, Drilling, Producing, Distributing, Or Testing Of Oil, Gas And Other Mineral Resources; To Amend Section 27-65-21, Mississippi Code Of 1972, To Eliminate The 3.5% Contractor's Tax On Oil And Gas Well Contracts; To Amend Sections 19-5-9 And 21-19-25, Mississippi Code Of 1972, To Conform To A Change In Subsection Designation; And For Related Purposes.

Tracking Information

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Title

Taxation of oilfield services; restructure.

Sponsors


Roll Calls

2024-04-16 - House - House Passed As Amended (Y: 118 N: 1 NV: 3 Abs: 0) [PASS]
2024-03-27 - Senate - Senate Passed (Y: 52 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2024-05-14SenateDied In Conference
2024-04-29 Suspend from Deadlines by HC 64
2024-04-24SenateConferees Named Harkins,Carter,Horhn
2024-04-18SenateDecline to Concur/Invite Conf
2024-04-17HouseReturned For Concurrence
2024-04-16HousePassed As Amended
2024-04-16HouseAmended
2024-04-16HouseTitle Suff Do Pass As Amended
2024-04-16HouseDR - TSDPAA: AC To WM
2024-04-15HouseDR - TSDPAA: WM To AC
2024-03-29HouseReferred To Ways and Means;Accountability, Efficiency, Transparency
2024-03-28SenateTransmitted To House
2024-03-27SenatePassed
2024-03-27SenateCommittee Substitute Adopted
2024-03-26SenateTitle Suff Do Pass Comm Sub
2024-03-08SenateReferred To Finance

Code Citations

ChapterArticleSectionCitation TypeStatute Text
1959Amended CodeSee Bill Text
211925Amended CodeSee Bill Text
276517Amended CodeSee Bill Text
276521Amended CodeSee Bill Text
276523Amended CodeSee Bill Text

Mississippi State Sources


Bill Comments

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