Mississippi Legislature
2003 Regular Session

House Bill 654

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Bill Text

History of Actions

Background

Title

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

Bill Text: [Introduced]

History of Actions:

1 01/10 (H) Referred To Ways and Means
2 02/04 (H) Died In Committee

Background Information:

Effective dateJuly 1, 2003
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredThree/Fifths

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 02/04/03 at 17:50.

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