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]
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.
Title
Taxation of oilfield services; restructure.
Sponsors
| Sen. Joel Carter [R] |
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]
2024-03-27 - Senate - Senate Passed (Y: 52 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-05-14 | Senate | Died In Conference |
| 2024-04-29 | Suspend from Deadlines by HC 64 | |
| 2024-04-24 | Senate | Conferees Named Harkins,Carter,Horhn |
| 2024-04-18 | Senate | Decline to Concur/Invite Conf |
| 2024-04-17 | House | Returned For Concurrence |
| 2024-04-16 | House | Passed As Amended |
| 2024-04-16 | House | Amended |
| 2024-04-16 | House | Title Suff Do Pass As Amended |
| 2024-04-16 | House | DR - TSDPAA: AC To WM |
| 2024-04-15 | House | DR - TSDPAA: WM To AC |
| 2024-03-29 | House | Referred To Ways and Means;Accountability, Efficiency, Transparency |
| 2024-03-28 | Senate | Transmitted To House |
| 2024-03-27 | Senate | Passed |
| 2024-03-27 | Senate | Committee Substitute Adopted |
| 2024-03-26 | Senate | Title Suff Do Pass Comm Sub |
| 2024-03-08 | Senate | Referred To Finance |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 19 | 5 | 9 | Amended Code | See Bill Text |
| 21 | 19 | 25 | Amended Code | See Bill Text |
| 27 | 65 | 17 | Amended Code | See Bill Text |
| 27 | 65 | 21 | Amended Code | See Bill Text |
| 27 | 65 | 23 | Amended Code | See Bill Text |
