summary
Introduced
01/31/2020
01/31/2020
In Committee
05/11/2020
05/11/2020
Crossed Over
02/25/2020
02/25/2020
Passed
06/23/2020
06/23/2020
Dead
Signed/Enacted/Adopted
06/30/2020
06/30/2020
Introduced Session
2020 Regular Session
Bill Summary
An Act To Create The Mississippi Marketplace Facilitator Act Of 2020; To Amend Section 27-65-7, Mississippi Code Of 1972, To Revise The Definition Of The Terms "retailer" And "retail Sale" Under The Mississippi Sales Tax Law; To Amend Section 27-65-9, Mississippi Code Of 1972, To Revise The Definition Of The Term "doing Business" Under The Mississippi Sales Tax Law; To Amend Section 27-67-3, Mississippi Code Of 1972, To Revise The Definition Of The Term "person Doing Business In This State" Under The Mississippi Use Tax Law; To Define The Terms "marketplace Facilitator," "marketplace Seller" And "remote Seller" Under The Mississippi Use Tax Law; To Amend Section 27-67-11, Mississippi Code Of 1972, To Authorize The Department Of Revenue To Audit A Marketplace Facilitator Solely For Sales Made By Marketplace Sellers And Facilitated By The Marketplace Facilitator; To Provide That The Department Of Revenue Shall Not Audit A Marketplace Seller For Sales Facilitated By A Marketplace Facilitator Except To The Extent A Marketplace Facilitator Seeks Relief From Liability To Collect And Remit Use Tax Due To Incorrect Or Insufficient Information Given To The Marketplace Facilitator By The Marketplace Seller; To Specify That The Marketplace Facilitator And The Marketplace Seller Are Not Prohibited, Under Certain Circumstances, From Contractually Agreeing To Have The Marketplace Seller Collect And Remit All Applicable Taxes And Fees; To Amend Section 27-67-31, Mississippi Code Of 1972, To Revise The Amount Of State Use Tax Revenue That Is Diverted To The Local System Bridge Replacement And Rehabilitation Fund; And For Related Purposes.
AI Summary
This bill creates the Mississippi Marketplace Facilitator Act of 2020, which revises the definitions of "retailer," "retail sale," and "doing business" under the Mississippi sales and use tax laws. It defines new terms like "marketplace facilitator," "marketplace seller," and "remote seller." The bill also authorizes the Department of Revenue to audit a marketplace facilitator solely for sales made by marketplace sellers and facilitated by the marketplace facilitator, and specifies that the marketplace facilitator and the marketplace seller are not prohibited from contractually agreeing to have the marketplace seller collect and remit all applicable taxes and fees in certain circumstances. Additionally, the bill revises the amount of state use tax revenue that is diverted to the Local System Bridge Replacement and Rehabilitation Fund.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Approved by Governor (on 06/30/2020)
Official Document
bill text
bill summary
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bill summary
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