Mississippi Legislature
2003 Regular Session

House Bill 1324

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Bill Text

History of Actions

Background

Title

Description: Sales tax, prepayment; credit sales not included in estimated June liability if payment not received before June 20.

Bill Text: [Introduced]

History of Actions:

1 01/20 (H) Referred To Ways and Means
2 02/04 (H) Died In Committee

Background Information:

Effective datePassage
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredMajority

House Committee:

Principal Author: Formby

Code Section: A 027-0065-0033

Title: AN ACT TO AMEND SECTION 27-65-33, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT WHEN CALCULATING THE ESTIMATED SALES TAX LIABILITY FOR THE MONTH OF JUNE OF THE CURRENT CALENDAR YEAR FOR A TAXPAYER REQUIRED TO PAY ON OR BEFORE THE TWENTY-FIFTH DAY OF JUNE, AN AMOUNT EQUAL TO AT LEAST SEVENTY-FIVE PERCENT OF THE TAXPAYER'S ESTIMATED SALES TAX LIABILITY FOR THE MONTH OF JUNE OF THE CURRENT CALENDAR YEAR OR SEVENTY-FIVE PERCENT OF THE TAXPAYER'S SALES TAX LIABILITY FOR THE MONTH OF JUNE OF THE PRECEDING CALENDAR YEAR, A TAXPAYER DOES NOT HAVE TO INCLUDE TAXES DUE ON CREDIT SALES FOR WHICH THE TAXPAYER HAS NOT RECEIVED PAYMENT BEFORE THE TWENTIETH DAY OF JUNE; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/04/03 at 17:51.

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2003/pdf/History/HB/HB1324.htm