Mississippi Legislature

1999 Regular Session

House Bill 650

[Introduced]

Instructions Bill Status Menu




History of Actions

Background

Title

Description: Income tax; revise when interest begins to run on payment of additional tax where taxpayer has made underpayment.

History of Actions:

101/06/99(H)Referred To Ways and Means
202/02/99(H)Died In Committee

Background Information:

Effective dateJuly 1, 1999
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
3/5ths vote requiredNo

House Committee:

Principal Author: Cameron

Code Sections: A 027-0007-0051, A 027-0007-0053

Title: AN ACT TO AMEND SECTIONS 27-7-51 AND 27-7-53, MISSISSIPPI CODE OF 1972, TO REVISE WHEN INTEREST BEGINS TO RUN ON A PAYMENT OF ADDITIONAL INCOME TAX OWED BY A TAXPAYER WHEN THE STATE TAX COMMISSION OR INTERNAL REVENUE SERVICE DETERMINES THAT A TAXPAYER HAS MADE AN UNDERPAYMENT OF INCOME TAX; TO REVISE THE AMOUNT OF INTEREST AND PENALTY THAT MAY BE ASSESSED ON SUCH ADDITIONAL TAX; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/02/99 at 17:06.



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