Bill
Bill > HB861
MS HB861
MS HB861Taxation; authorize Commissioner of Revenue to reduce a tax assessment based on additional information after order of Board of Tax Appeals.
summary
Introduced
02/14/2020
02/14/2020
In Committee
05/11/2020
05/11/2020
Crossed Over
03/05/2020
03/05/2020
Passed
06/30/2020
06/30/2020
Dead
Signed/Enacted/Adopted
07/07/2020
07/07/2020
Introduced Session
2020 Regular Session
Bill Summary
An Act To Amend Section 27-77-5, Mississippi Code Of 1972, To Authorize The Commissioner Of Revenue To Reduce A Tax Liability Based On Additional Information Or Documentation Provided By A Taxpayer After The Board Of Tax Appeals Has Issued An Order; To Provide That The Commissioner Shall Have 30 Days To Issue A Determination, During Which The 60-day Period For Appeal To The Chancery Court Shall Be Tolled; And For Related Purposes.
AI Summary
This bill authorizes the Commissioner of Revenue to reduce a tax liability based on additional information or documentation provided by a taxpayer after the Board of Tax Appeals has issued an order. The Commissioner has 30 days to issue a determination, during which the 60-day period for appeal to the Chancery Court is tolled. This provides the taxpayer an opportunity to submit further evidence and potentially reduce the amount owed, even after the Board of Tax Appeals has made a ruling.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Approved by Governor (on 07/07/2020)
Official Document
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