MS SB2344

Limits garnishee liability in garnishment proceedings when the garnishee is a bank or financial institution to only funds on deposit between service of the writ and service of the garnishee's answer, with no obligation to account for deposits made after the answer is filed.

Prohibits the Department of Revenue from serving more than 25 distress warrants on the same financial institution in a single day.

Prevents the Department of Revenue from serving additional distress warrants on a financial institution for at least one year after receiving an answer indicating the named taxpayer has no accounts with that institution.

Requires the Department of Revenue to adopt administrative procedures within 60 days to minimize the administrative burden on financial institutions responding to distress warrants.

Becomes effective July 1, 2016.