Bill > HB865

This bill amends a section of the Mississippi Code of 1972 related to sales tax permits. The key provisions are: 1) The Commissioner of Revenue may deny an application for a sales tax permit or revoke an existing permit if the applicant or taxpayer is an entity (such as a business) and any partner, member, principal officer, or director of that entity has failed to satisfy their own finally determined tax liabilities owed to the Department of Revenue. 2) In lieu of denying or revoking the entity's permit, the Commissioner may accept an increased or additional bond from the entity to cover the additional risk. 3) The changes aim to hold entities accountable for the tax liabilities of their key individuals, while providing the Commissioner flexibility to address the situation. The act takes effect on July 1, 2020.

Budget and Finance

http://billstatus.ls.state.ms.us/2020/pdf/history/HB/HB0865.xml