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Bill > HB597


MS HB597

MS HB597
Department of Revenue; authorize to revise individual income tax forms to allow taxpayer to designate two bank accounts for direct deposit.


summary

Introduced
02/05/2020
In Committee
05/11/2020
Crossed Over
03/12/2020
Passed
06/15/2020
Dead
Signed/Enacted/Adopted
06/22/2020

Introduced Session

2020 Regular Session

Bill Summary

An Act To Amend Section 27-7-39, Mississippi Code Of 1972, To Require The Department Of Revenue To Revise The Individual Income Tax Forms Used For Returns To Allow An Individual Taxpayer To Designate Up To Two Bank Accounts For Direct Deposit Of The Taxpayer's Refund And The Allocation Of The Taxpayer's Refund Amount Between The Designated Bank Accounts; And For Related Purposes.

AI Summary

This bill requires the Mississippi Department of Revenue to revise individual income tax forms to allow taxpayers to designate up to two bank accounts for direct deposit of their tax refunds and to allocate the refund amount between those accounts. This new provision will apply to tax years beginning on or after January 1, 2021.

Committee Categories

Business and Industry

Sponsors (5)

Last Action

Approved by Governor (on 06/22/2020)

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