MS HC30

Urges the Mississippi Department of Revenue to establish and implement a tax amnesty program during the 2018 calendar year for unpaid tax liabilities accrued between January 1, 2005, and December 31, 2015

Cites sluggish revenue collections requiring mid-year budget cuts and reduced state services, with $550 million in outstanding tax debt as of October 2016—more than three times the amount owed during the 2004 amnesty program

References prior Mississippi tax amnesty programs: 1986 program generated $1 million and 2004 program generated over $9 million from more than 500 taxpayers

Allows taxpayers to settle outstanding liabilities and file previously unreported returns without incurring penalties and interest that would otherwise apply upon discovery by the Department of Revenue

Directs the Department of Revenue to adopt necessary rules and regulations to implement the amnesty program consistent with state law and the Mississippi Constitution of 1890