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MS HB1356

Bill

Official Source

Status

Failed

2/4/2014

Primary Sponsor

Jeffrey Smith

Click for details

Origin

House of Representatives

2014 Regular Session

AI Summary

  • Amends Section 27-61-31 of the Mississippi Code to change the interest rate charged for late or nonpayment of fuel taxes.

  • Replaces the fixed rate of one percent (1%) per month with the interest rate provided for in the International Fuel Tax Agreement.

  • Retains the penalty of $50.00 or ten percent (10%) of the tax due, whichever is greater, for failure to file reports or late/nonpayment of taxes.

  • Takes effect on October 1, 2014.

Legislative Description

Fuel tax; provide that interest charged for late payment or nonpayment shall be as provided in the International Fuel Tax Agreement.

Last Action

Died In Committee

2/4/2014

Committee Referrals

Ways and Means1/20/2014

Full Bill Text

No bill text available