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MS HB243

Bill

Official Source

Status

Failed

2/28/2017

Primary Sponsor

Mark Formby

Click for details

Origin

House of Representatives

2017 Regular Session

AI Summary

  • Requires all persons or firms in Mississippi who are not certified public accountants and file federal and state tax returns for clients to carry errors and omissions insurance coverage of at least $100,000 per occurrence.

  • Insurance coverage must extend to every person associated or registered with the tax preparer or firm.

  • Authorizes the Mississippi State Board of Public Accountancy to adopt rules and regulations requiring proof of the required errors and omissions insurance coverage.

  • Takes effect July 1, 2017.

Legislative Description

Tax preparers; require to have certain amount of errors and omissions coverage.

Last Action

Died In Committee

2/28/2017

Committee Referrals

Insurance2/21/2017
Insurance1/3/2017

Full Bill Text

No bill text available