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SB 3095 - Increases State Infrastructure Funding - Mississippi Key Vote

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Title: Increases State Infrastructure Funding

Vote Smart's Synopsis:

Vote to pass a bill that increases the state funding for infrastructure projects.

Highlights:

  • Increases the state funding for infrastructure projects while not raising state sales taxes (Sec. 1-12).

  • Reduces state grocery taxes from 7 to 5 percent beginning July 1, 2025 (Sec. 1-12).

  • Reduces individual income tax rates gradually from 4 to 2.99 percent by 2030 (Sec. 1-12).

  • Appropriates $212 million in infrastructure funding through a 3-year phased increase of 3 cents per gallon per year, for a total 9-cent increase in the state's sales tax rate (Sec. 1-12).

  • Specifies that the provisions of this bill shall take effect beginning July 1, 2025 (Sec. 13).

Full Bill Text

See How Your Politicians Voted

Title: Increases State Infrastructure Funding

Vote Smart's Synopsis:

Vote to pass a bill that increases the state funding for infrastructure projects.

Highlights:

  • Increases the state funding for infrastructure projects while not raising state sales taxes (Sec. 1-12).

  • Reduces state grocery taxes from 7 to 5 percent beginning July 1, 2025 (Sec. 1-12).

  • Reduces individual income tax rates gradually from 4 to 2.99 percent by 2030 (Sec. 1-12).

  • Appropriates $212 million in infrastructure funding through a 3-year phased increase of 3 cents per gallon per year, for a total 9-cent increase in the state's sales tax rate (Sec. 1-12).

  • Specifies that the provisions of this bill shall take effect beginning July 1, 2025 (Sec. 13).

Full Bill Text

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