MS HC68

Urges the Mississippi Department of Revenue to establish and implement a tax amnesty program during the 2017 calendar year for unpaid tax liabilities accrued between January 1, 2005 and December 31, 2015.

Cites prior successful amnesty programs in 1986 (generating $1 million) and 2004 (generating over $9 million from over 500 taxpayers) as justification for current program.

Notes outstanding tax debt of $550 million as of October 2016, more than three times greater than liabilities at the time of the last amnesty program in 2004.

States the amnesty program would allow taxpayers to satisfy outstanding liabilities and file previously non-reported returns without incurring penalties and interest.

Directs the Department of Revenue to adopt necessary rules and regulations to implement the tax amnesty program consistent with state law and the Mississippi Constitution.