Mississippi Legislature
2007 Regular Session

House Bill 375

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Bill Text

History of Actions

Background

Title

Description: Refund anticipation loans; provide maximum fee that tax preparers may charge for making.

Bill Text: [Introduced]

History of Actions:

1 01/04 (H) Referred To Banking and Financial Services
2 01/30 (H) Died In Committee

Background Information:

Effective dateJuly 1, 2007
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredMajority

House Committee:

Principal Author: Guice

Title: AN ACT TO PROHIBIT TAX PREPARERS FROM CHARGING OR ACCEPTING A FEE THAT EXCEEDS A CERTAIN PERCENTAGE OR AMOUNT FOR MAKING OR FACILITATING A REFUND ANTICIPATION LOAN TO A CLIENT; TO PROVIDE THAT IF A TAX PREPARER CHARGES OR ACCEPTS A FEE THAT EXCEEDS THE MAXIMUM AMOUNT ALLOWED, THE TAX PREPARER SHALL FORFEIT THE FULL AMOUNT OF THE FEE, AND THE CLIENT MAY RECOVER THE AMOUNT OF THE FEE BY LEGAL ACTION; TO AUTHORIZE THE STATE TAX COMMISSION TO IMPOSE ON A TAX PREPARER AN ADMINISTRATIVE PENALTY FOR EACH VIOLATION OF THIS ACT; TO REQUIRE THE COMMISSION TO REFER COMPLAINTS ABOUT TAX PREPARERS WHO ARE ALLEGED TO HAVE VIOLATED THE PROVISIONS OF THIS ACT TO THE STATE BOARD OF PUBLIC ACCOUNTANCY OR THE MISSISSIPPI BAR, IF THE TAX PREPARER IS UNDER THEIR JURISDICTION; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 01/30/07 at 18:55.

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2007/html/History/HB/HB0375.htm