MS HB98

Removes the requirement that taxpayers with average monthly sales tax liability of at least $20,000 must pay 75% of their estimated June sales tax liability by June 25 each year.

Eliminates the 10% penalty assessed on taxpayers who fail to comply with the June 25 early payment requirement.

Changes the applicability threshold from $20,000 to $50,000 average monthly sales tax liability in the version effective July 1, 2013, before removing the requirement entirely.

Maintains all other sales tax collection and payment procedures, including the standard due date of the 20th of the following month and the 2% collector's discount.

Takes effect upon passage.