MS HB1350

Amends Section 27-77-5, Mississippi Code of 1972, to grant the Board of Tax Appeals discretion in determining whether and to what extent interest and penalties should be assessed based on the facts of each case.

Applies to appeals of tax assessments, refund claim denials, and tag penalty waivers heard before the Board of Tax Appeals.

Taxpayers may appeal board of review orders to the Board of Tax Appeals within 60 days by filing a written appeal with the executive director.

Board of Tax Appeals hearings require two members as a quorum, follow relaxed rules of evidence, and result in written orders mailed to both taxpayer and the tax agency.

Effective date: July 1, 2014.