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]
| 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 |
| Lost | [H] | Amendment No 1 |
| Adopted | [S] | Amendment No 1 |
| Effective date | July 1, 2002 | |
| Disposition | Law | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority | |
| Chapter number | 539 |
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.
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2002/html/History/HB/HB1379.htm