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MS HB1376
Bill
Status
Failed
2/4/2014
Primary Sponsor
Greg Haney
Click for details
AI Summary
- Reduces interest rate on underpayment and nonpayment of income tax from 1% to 0.5% per month
- Reduces interest rate on underpayment and nonpayment of franchise tax from 1% to 0.5% per month
- Reduces interest rate on underpayment and nonpayment of sales tax from 1% to 0.5% per month
- Applies to assessments made by the Commissioner of Revenue for tax deficiencies, delinquencies, and estimated tax underpayments
- Effective date of July 1, 2014
Legislative Description
Taxation; revise rate of interest assessed on underpayment or nonpayment of income, withholding, franchise and sales taxes.
Last Action
Died In Committee
2/4/2014
Committee Referrals
Ways and Means1/20/2014
Full Bill Text
No bill text available