The Mississippi Association of Supervisors Weekly Legislative Update 2015 Regular Legislative Session, Feb. 27, 2015 The 2015 Regular Legislative Session Bond Legislation Week Eight of the 2015 Regular Legislative Session has ended. The deadline for committees to report general bills and constitutional amendments originating in OTHER house is March 3, 2015. House Bill 38: This bill authorizes the issuance of $5,000,000.00 of state general obligation bonds to provide for the Small Municipality and Limited Population Counties fund. (NOTE: This bill is now is Senate Finance) Important Infrastructure Bills Senate Bill 2566: This bill allow counties that have replaced their structurally deficient bridges to use LSBP funds to match federal funds for State Aid System Projects. Senate Bill 2566 also revises the distribution of monies forfeited by counties for not spending their LSBP funds. NOTE: This bill will now head to the House Appropriations committee for consideration. Senate Bill 2870: This bill addresses the appropriation funding for State Aid Road Construction. NOTE: This bill currently contains the additional $32 million in state aid funding that was appropriated last year. This bill will now head to the House chamber. House Bill 1630: This bill authorizes the issuance of bonds for repair of deficient bridges on state maintained highways. NOTE: This is a $400 million bond! Please contact your legislators to get “LOCAL” roads and bridges included in this bill. This bill will now head to the Senate chamber. House Bill 1463: This bill authorizes the issuance of $5,000,000.00 of state general obligation bonds for the purpose of providing funds for the Mississippi Community Heritage Preservation Grant Fund. (NOTE: This bill is now in Senate Finance) HB1463 helps with county courthouse restorations. MS House of Representatives Passes $1.5 Billion Dollar Tax Cut The House passed a $1.5 billion individual income tax cut proposal by a vote of 83-32. The income tax cut in (HB1629) will occur over a 15-year period beginning in Fiscal Year 2017 (FY17) and will take place only if there is three percent revenue growth in each fiscal year. Currently, Mississippians pay a three percent income tax on their first $5,000 of income, four percent on the next $5,000 of income and five percent on income over $10,000. Under the House plan, the three percent income tax would be eliminated by 2019, the four percent income tax by 2022 and the five percent income tax by 2030. Executive Director: Derrick Surrette dsurrette@massup.org Office Phone 601.353.2741 Dir. Gov. Affairs: Steve A. Gray sgray@massup.org Fax 601.353.2749 www.mssupervisors.org