MS HB1450

Requires income tax return preparers to register with the Mississippi Department of Revenue before operating in the state.

Mandates that non-certified preparers (those not certified by the Mississippi State Bar Association or Board of Public Accountancy) provide proof of errors and omissions insurance coverage or surety.

Authorizes the Department of Revenue to investigate income tax return preparers and bar or suspend them from filing returns for good cause.

Establishes a civil penalty of $50 per offense (capped at $25,000 per calendar year) for preparers who fail to provide their IRS Preparer Tax Identification Number, unless failure is due to reasonable cause.

Effective July 1, 2017.