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BOOK 2004-PAGE MINUTES OF THE BOARD OF SUPERVISORS OF MADISON COUNTY, MISSISSIPPI REGULAR MEETING OF JULY 16, 2004, Recessed from regular meeting conducted on July 6, 2004, BE IT REMEMBERED that the
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State aid and LSBP stand for State Aid and Local Sales and Use Tax Performance.
All businesses that receive state aid or collect local sales and use tax are required to file state aid and LSBP.
State aid and LSBP forms can be filled out online through the state tax department's website.
The purpose of state aid and LSBP is to track and report on the distribution and collection of state aid and local sales and use taxes.
Information such as total amount of state aid received, total local sales and use tax collected, and any related expenses must be reported on state aid and LSBP forms.
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