Senate Bill 2148 Summary

• Removes the requirement for taxpayers with average monthly sales tax liability of at least $20,000.00 to make an advance payment of 75% of their June sales tax liability by June 25 each year.

• Eliminates the provision that imposed a 10% penalty on taxpayers who failed to comply with the June 25 advance payment requirement.

• Effective July 1, 2013, the bill removes subsection (2) from Mississippi Code Section 27-65-33 entirely, repealing the accelerated June payment obligation.

• Renumbers remaining subsections (3-10) as subsections (2-9) following the deletion.