Mississippi legislation · 2026 Regular Session
Mississippi HB4040: Agriculture and timber economic development; issue bonds and establish program for.
Status: Failed, March 17, 2026
AN ACT TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS FOR THE MISSISSIPPI AGRICULTURE AND TIMBER ECONOMIC DEVELOPMENT FUND CREATED IN THIS ACT; TO REQUIRE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO ESTABLISH A PROGRAM TO RECRUIT AGRICULTURE AND TIMBER RELATED ECONOMIC DEVELOPMENT TO MISSISSIPPI THAT WILL PROVIDE NEW MARKETS AND ADDITIONAL AND INCREASED ACCESS TO EXISTING MARKETS FOR THE SALE OF MISSISSIPPI'S AGRICULTURE AND TIMBER COMMODITIES; TO CREATE THE "MISSISSIPPI AGRICULTURE AND TIMBER ECONOMIC DEVELOPMENT FUND" AS A SPECIAL FUND IN THE STATE TREASURY TO BE ADMINISTERED BY THE MISSISSIPPI DEVELOPMENT AUTHORITY; TO PROVIDE THAT MONIES IN THE SPECIAL FUND SHALL BE USED BY THE MISSISSIPPI DEVELOPMENT AUTHORITY, UPON APPROPRIATION BY THE LEGISLATURE, FOR THE PURPOSES PROVIDED IN THIS ACT; TO AMEND SECTION 27-65-75, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A PORTION OF THE STATE SALES TAX REVENUE COLLECTED FROM THE RETAIL SALES OF FARM TRACTORS AND PARTS AND LABOR USED TO MAINTAIN AND/OR REPAIR SUCH TRACTORS, AND FARM IMPLEMENTS TAXED AT THE RATE OF 1.5% UNDER SECTION 27-65-17, SHALL BE DEPOSITED INTO THE MISSISSIPPI AGRICULTURE AND TIMBER ECONOMIC DEVELOPMENT FUND CREATED IN THIS ACT; AND FOR RELATED PURPOSES.
What the bill says
An act to authorize the issuance of state general obligation bonds to provide funds for the mississippi agriculture and timber economic development fund created in this act; to require the mississippi development authority to establish a program to recruit agriculture and timber related economic development to mississippi that will provide new markets and additional and increased access to existing markets for the sale of mississippi's agriculture and timber commodities…
From the introduced text:
AN ACT TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS FOR THE MISSISSIPPI AGRICULTURE AND TIMBER ECONOMIC DEVELOPMENT FUND CREATED IN THIS ACT; TO REQUIRE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO ESTABLISH A PROGRAM TO RECRUIT AGRICULTURE AND TIMBER RELATED ECONOMIC DEVELOPMENT TO MISSISSIPPI THAT WILL PROVIDE NEW MARKETS AND ADDITIONAL AND INCREASED ACCESS TO EXISTING MARKETS FOR THE SALE OF MISSISSIPPI'S AGRICULTURE AND TIMBER COMMODITIES; TO CREATE THE "MISSISSIPPI AGRICULTURE AND TIMBER ECONOMIC DEVELOPMENT FUND" AS A SPECIAL FUND IN THE STATE TREASURY TO BE ADMINISTERED BY THE MISSISSIPPI DEVELOPMENT AUTHORITY; TO PROVIDE THAT MONIES IN THE SPECIAL FUND SHALL BE USED BY THE MISSISSIPPI DEVELOPMENT AUTHORITY, UPON APPROPRIATION BY THE LEGISLATURE, FOR THE PURPOSES PROVIDED IN THIS ACT; TO AMEND SECTION 27-65-75, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A PORTION OF THE STATE SALES TAX REVENUE COLLECTED FROM THE RETAIL SALES OF FARM TRACTORS AND PARTS AND LABOR USED TO MAINTAIN AND/OR REPAIR SUCH TRACTORS, AND FARM IMPLEMENTS TAXED AT THE RATE OF 1.5% UNDER SECTION 27-65-17, SHALL BE DEPOSITED INTO THE MISSISSIPPI AGRICULTURE AND TIMBER ECONOMIC DEVELOPMENT FUND CREATED IN THIS ACT; AND FOR RELATED PURPOSES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. (1) As used in this section, the following words shall have the meanings ascribed …
Sponsors
- Lamar, John Thomas (R, 8) · primary sponsor
- Arnold, William Tracy (R, 3)
Latest actions
- : Died In Committee
- : Referred To Finance
- : Transmitted To Senate
- : Passed
- : Title Suff Do Pass
- : Referred To Ways and Means
Votes
- Passed (February 25, 2026): 120 yea, 0 nay, passed
Subjects: Agriculture and timber economic development
Common questions
- What is HB4040?
- HB4040 is a bill in the Mississippi Legislature (2026 Regular Session): Agriculture and timber economic development; issue bonds and establish program for.
- What does HB4040 do?
- In its own words: An act to authorize the issuance of state general obligation bonds to provide funds for the mississippi agriculture and timber economic development fund created in this act; to require the mississippi development authority to establish a program to recruit agriculture and timber related economic development to mississippi that will provide new markets and additional and increased access to existing markets for the sale of mississippi's agriculture and timber commodities…
- What is the status of HB4040?
- Failed as of March 17, 2026. Latest action: Died In Committee (March 17, 2026).
- Who sponsored HB4040?
- Lamar, John Thomas (R, 8), with 1 co-sponsor.
- Where is the official record for HB4040?
- On the Mississippi Legislature website: http://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB4040.xml
Source: official Mississippi record. Tracked by Delilah, AI for legislation across all 50 states and Congress.