House Bill 390

AN ACT TO AMEND SECTION 27-7-50, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE COMMISSIONER OF REVENUE SHALL AUTOMATICALLY RECOGNIZE EXTENSIONS OF TIME AUTHORIZED AND GRANTED BY THE INTERNAL REVENUE SERVICE FOR THE FILING OF INCOME TAX RETURNS WHERE SUCH EXTENSIONS ARE AUTHORIZED AND GRANTED DUE TO AN EMERGENCY OR MAJOR DISASTER FOR WHICH A PRESIDENTIAL DECLARATION OF AN EMERGENCY OR MAJOR DISASTER HAS BEEN ISSUED; AND FOR RELATED PURPOSES.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:

SECTION 1. Section 27-7-50, Mississippi Code of 1972, is amended as follows:

27-7-50. The commissioner may grant a reasonable extension of time beyond the statutory due date within which to file any return required by this chapter when it is shown to the satisfaction of the commissioner that good cause for such extension exists. The commissioner may, in his discretion, automatically recognize extensions of time authorized and granted by the Internal Revenue Service for the filing of tax returns. However, the commissioner shall automatically recognize extensions of time authorized and granted by the Internal Revenue Service for the filing of tax returns where such extensions are authorized and granted due to an emergency or major disaster for which a presidential declaration of an emergency or major disaster has been issued.

SECTION 2. This act shall take effect and be in force from and after its passage.