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]
| 1 | 01/20 (H) Referred To Ways and Means | |
| 2 | 02/04 (H) Died In Committee |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority |
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.
End Of Document
2003/html/History/HB/HB1324.htm