Bill Text | History of Actions | Background | Title |
Description: Income tax; provide for discretionary rather than mandatory interest/penalty in case of underpayment or failure to pay tax (STC).
Bill Text: [Introduced]
| 1 | 01/21 (S) Referred To Finance | |
| 2 | 02/05 (S) Died In Committee |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority |
Senate Committee:
Principal Author: Minor
Additional Author: Carlton
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 PROVIDE THAT IF A TAXPAYER MAKES AN UNDERPAYMENT INCOME TAX, FAILS TO FILE AN INCOME TAX RETURN OR FAILS TO PAY INCOME TAX, THE ASSESSMENT OF INTEREST AND PENALTIES AGAINST THE TAXPAYER FOR SUCH UNDERPAYMENT OR FAILURE SHALL BE DISCRETIONARY RATHER THAN MANDATORY; AND FOR RELATED PURPOSES.
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2002/html/History/SB/SB2895.htm