Bill
Bill > SB2847
MS SB2847
MS SB2847Final amounts owed to state or political subdivisions; require to be rounded to nearest 5¢.
summary
Introduced
01/19/2026
01/19/2026
In Committee
02/06/2026
02/06/2026
Crossed Over
02/04/2026
02/04/2026
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
An Act To Require That Any Amount Charged To A Member Of The Public By Any Governing Body Of The State Of Mississippi Or Any Of Its Political Subdivisions That Is Permitted To Be Satisfied By Cash Payment Shall Be Finally Calculated By Rounding The Amount Owed To The Nearest 5¢; To Specify That This Act Shall Not Be Construed As Prohibiting The Use Of Monetary Units Smaller Than 5¢ In Intermediate Calculations Of The Amount Owed Before Rounding; To Specify That Private Merchants Are Not Required To Round Sales, Use, Excise Or Other Transaction Taxes, Or Their Total Sales Price Including Such Taxes, To The Nearest 5¢ In Their Sales Transactions, But If They Elect To Remit Such Taxes To The Department Of Revenue In Cash, The Amount Owed To The Department Shall Be Finally Calculated By Rounding To The Nearest 5¢; To Amend Sections 25-3-21, 25-7-65, 27-15-153, 27-17-423, 27-19-81, 27-25-1, 27-31-79, 49-19-115, 65-1-46, 65-33-47, 69-7-263 And 69-10-5, Mississippi Code Of 1972, To Conform; And For Related Purposes.
AI Summary
This bill requires that any amount owed to the state of Mississippi or its political subdivisions, which can be paid in cash, must be rounded to the nearest five cents (5¢) for final calculation, though smaller denominations can be used in intermediate steps. Private businesses are not required to round their sales taxes or total prices, but if they pay these taxes in cash to the Department of Revenue, the amount must be rounded to the nearest five cents. The bill also amends several existing Mississippi Code sections to align with this rounding requirement.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Referred To Ways and Means;Accountability, Efficiency, Transparency (on 02/06/2026)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB2847.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2026/html/SB/2800-2899/SB2847PS.htm |
| BillText | https://billstatus.ls.state.ms.us/documents/2026/html/SB/2800-2899/SB2847IN.htm |
Loading...