Bill Text | History of Actions | Background | Title |
Description: Refund anticipation laws; require tax preparers to make certain disclosures to clients about.
Bill Text: [Introduced]
| 1 | 01/16 (H) Referred To Banking and Financial Services;Ways and Means | |
| 2 | 01/31 (H) Died In Committee |
| Effective date | July 1, 2006 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority |
House Committees:
Principal Author: Upshaw
Additional Author: Buck
Title: AN ACT TO REQUIRE TAX PREPARERS TO MAKE CERTAIN DISCLOSURE TO CLIENTS ABOUT REFUND ANTICIPATION LOANS IF THE PREPARER OFFERS TO MAKE OR FACILITATE A REFUND ANTICIPATION LOAN TO THE CLIENT; TO REQUIRE THAT THE DISCLOSURES MUST BE MADE BEFORE OR AT THE SAME TIME THE PREPARER OFFERS THE REFUND ANTICIPATION LOAN TO THE CLIENT; TO REQUIRE TAX PREPARERS TO PROVIDE THE CLIENT WITH AN ITEMIZED STATEMENT OF THE CHARGES FOR SERVICES, AT LEAST SEPARATELY STATING THE CHARGES FOR RETURN PREPARATION AND FOR PROVIDING OR FACILITATING A REFUND ANTICIPATION LOAN; TO PROHIBIT TAX PREPARERS FROM CHARGING OR ACCEPTING A FEE FOR TAX PREPARATION SERVICES RELATING TO A REFUND ANTICIPATION LOAN THAT IS BASED UPON A PERCENTAGE OF THE AMOUNT OF THE ANTICIPATED REFUND; 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.
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2006/html/History/HB/HB1455.htm