Mississippi Legislature
2002 Regular Session

House Bill 1379

Main Menu


Bill Text

History of Actions

Amendments

Background

Title

Description: Tax payments; require prepayment of June estimate of income withholding and sales/use taxes and revise insurance premium tax payment.

Bill Text: [Introduced] [Committee Substitute] [Passed House] [Sent to Governor]

History of Actions:

1 01/21 (H) Referred To Ways and Means
2 02/04 (H) Title Suff Do Pass Comm Sub
3 02/05 (H) Committee Substitute Adopted
4 02/05 (H) Amendment Failed
5 02/05 (H) Passed
6 02/07 (H) Transmitted To Senate
7 02/11 (S) Referred To Finance
8 03/05 (S) Title Suff Do Pass As Amended
9 03/13 (S) Amended
10 03/13 (S) Passed As Amended
11 03/14 (S) Returned For Concurrence
12 03/19 (H) Decline to Concur/Invite Conf
13 03/22 (H) Conferees Named McCoy,Blackmon,Rogers
14 03/25 (S) Conferees Named Minor,Chamberlin,Mettetal
15 03/31 (S) Conference Report Filed
16 03/31 (H) Conference Report Filed
17 04/01 (S) Conference Report Adopted
18 04/01 (H) Conference Report Adopted
19 04/03 (H) Enrolled Bill Signed
20 04/03 (S) Enrolled Bill Signed
21 04/09 Approved by Governor

Amendments/Conference Report:

Lost [H] Amendment No 1
Adopted [S] Amendment No 1

Conference Report

Background Information:

Effective dateJuly 1, 2002
DispositionLaw
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredMajority
Chapter number539

House Committee:

Senate Committee:

Principal Author: Moody

Additional Author: McCoy

Code Sections: A 027-0007-0309, A 027-0065-0033, A 027-0067-0017, A 027-0015-0107

Title: AN ACT TO AMEND SECTION 27-7-309, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT ANY EMPLOYER HAVING AN AVERAGE MONTHLY WITHHOLDING TAX LIABILITY OF AT LEAST $20,000.00 FOR THE PRECEDING TAXABLE YEAR SHALL PAY TO THE STATE TAX COMMISSION ON OR BEFORE JUNE 25, 2003, AND ON OR BEFORE THE TWENTY-FIFTH DAY OF JUNE OF EACH SUCCEEDING YEAR THEREAFTER, AN AMOUNT EQUAL TO AT LEAST SEVENTY-FIVE PERCENT OF SUCH EMPLOYER'S ESTIMATED WITHHOLDING TAX LIABILITY FOR THE MONTH OF JUNE OF THE CURRENT TAXABLE YEAR; TO AMEND SECTION 27-65-33, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT ANY TAXPAYER REQUIRED TO COLLECT SALES TAXES AND HAVING AN AVERAGE MONTHLY SALES TAX LIABILITY OF AT LEAST $20,000.00 FOR THE PRECEDING CALENDAR YEAR SHALL PAY TO THE STATE TAX COMMISSION ON OR BEFORE JUNE 25, 2003, AND ON OR BEFORE THE TWENTY-FIFTH DAY OF JUNE OF EACH SUCCEEDING YEAR THEREAFTER, AN AMOUNT EQUAL TO AT LEAST SEVENTY-FIVE PERCENT OF SUCH TAXPAYER'S ESTIMATED SALES TAX LIABILITY FOR THE MONTH OF JUNE OF THE CURRENT CALENDAR YEAR; TO AMEND SECTION 27-67-17, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT ANY TAXPAYER REQUIRED TO COLLECT USE TAXES AND HAVING AN AVERAGE MONTHLY USE TAX LIABILITY OF AT LEAST $20,000.00 FOR THE PRECEDING CALENDAR YEAR SHALL PAY TO THE STATE TAX COMMISSION ON OR BEFORE JUNE 25, 2003, AND ON OR BEFORE THE TWENTY-FIFTH DAY OF JUNE OF EACH SUCCEEDING YEAR THEREAFTER, AN AMOUNT EQUAL TO AT LEAST SEVENTY-FIVE PERCENT OF SUCH TAXPAYER'S ESTIMATED USE TAX LIABILITY FOR THE MONTH OF JUNE OF THE CURRENT CALENDAR YEAR; TO PROVIDE THAT SUCH PAYMENTS OF ESTIMATED SALES TAX OR USE TAX LIABILITY BY A TAXPAYER SHALL NOT BE CONSIDERED TO BE COLLECTED FOR THE PURPOSES OF ANY SALES TAX OR USE TAX DIVERSIONS REQUIRED BY LAW UNTIL THE TAXPAYER FILES A RETURN FOR THE ACTUAL SALES TAXES OR USE TAXES COLLECTED DURING THE MONTH OF JUNE; TO AMEND SECTION 27-15-107, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT FOR THE PURPOSES OF FILING QUARTERLY REPORTS AND PAYMENTS OF INSURANCE PREMIUM TAX, FOR THE PERIOD OF APRIL 1 THROUGH JUNE 30, 2003, AND FOR THE PERIOD APRIL 1 THROUGH JUNE 30 OF EACH SUCCEEDING YEAR THEREAFTER, THE REPORT AND PAYMENT FOR APRIL AND MAY ARE DUE BY JUNE 30, AND THE REPORT AND PAYMENT FOR JUNE ARE DUE BY JULY 20; TO PROVIDE THAT CERTAIN PAYMENTS MADE PURSUANT TO THIS ACT SHALL BE DEPOSITED INTO THE BUDGET CONTINGENCY FUND; TO AUTHORIZE AND DIRECT THE STATE TREASURER TO BORROW FUNDS FROM THE WORKING CASH-STABILIZATION RESERVE FUND OR FROM SPECIAL FUNDS IN THE STATE TREASURY, OR BOTH, TO OFFSET ANY TEMPORARY CASH FLOW DEFICIENCIES IN THE BUDGET CONTINGENCY FUND REGARDING BUDGET CONTINGENCY FUND MONIES GENERATED UNDER THIS ACT; TO LIMIT THE AMOUNT OF MONEY THAT MAY BE BORROWED FOR SUCH PURPOSES; TO PROVIDE THAT THE STATE TREASURER SHALL REIMBURSE, FROM BUDGET CONTINGENCY FUND MONIES GENERATED UNDER THIS ACT, THE WORKING CASH-STABILIZATION RESERVE FUND OR SPECIAL FUNDS IN THE STATE TREASURY, OR BOTH, FOR ALL SUMS BORROWED FOR SUCH TEMPORARY CASH FLOW DEFICIENCY PURPOSES; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 04/09/02 at 00:01.

End Of Document
2002/html/History/HB/HB1379.htm