MS SB2377

Changes the due date for timber, oil, and natural gas severance tax returns and payments from the fifteenth or twenty-fifth day to the twentieth day of the second month succeeding the month in which the tax accrues.

Repeals the Mississippi Salt Severance Tax Law (Sections 27-25-301 through 27-25-315 of the Mississippi Code of 1972), effectively eliminating the salt severance tax.

Updates filing procedures to require taxpayers to file returns and pay taxes in the manner prescribed by the department, rather than mailing payments directly to the commissioner's office.

Preserves all administrative provisions of the Mississippi Sales Tax Law regarding penalties, interest, and damages for nonpayment and noncompliance.

Takes effect September 1, 2014, with no impact on tax claims or assessments for months prior to the effective date.