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MS SB2296

Bill

Official Source

Status

Passed

3/13/2014

Primary Sponsor

Joey Fillingane

Click for details

Origin

Senate

2014 Regular Session

AI Summary

  • Amends Section 27-61-31 of the Mississippi Code to change the interest rate assessed for late or nonpayment of fuel taxes from 1% per month to the rate provided in the International Fuel Tax Agreement.
  • Maintains existing penalty structure of $50 or 10% of tax due (whichever is greater) for failure to file reports, late payment, or nonpayment of fuel taxes.
  • Applies all administrative provisions of the Mississippi Sales Tax Law to fuel tax administration, except that fuel tax provisions control in cases of conflict.
  • Effective date is 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

Approved by Governor

3/13/2014

Committee Referrals

Ways and Means2/14/2014
Finance1/17/2014

Full Bill Text

No bill text available