MS SB2626

Amends Section 27-3-79 of the Mississippi Code to restrict prosecutor discretion in tax evasion cases by prohibiting suspension or reduction of minimum penalties through plea bargains.

Establishes mandatory minimum fine of $1,000 and maximum fine of $100,000 for individuals (or $500,000 for corporations) convicted of tax evasion, with restitution orders mandatory.

Requires minimum one year of incarceration before eligibility for probation or parole for tax evasion convictions.

Limits prosecution timeline for tax evasion to six years after the statutory due date of the taxes in question.

Effective date: July 1, 2011.