MS SB2746

Authorizes the Commissioner of Revenue to deny or revoke a sales tax permit if an applicant or taxpayer who is an entity has a partner, member, or principal officer with unpaid finally determined tax liabilities from a previous business.

Limits denial or revocation based on a partner's, member's, or principal officer's tax liability to situations where that person owns 10% or more of the entity, is or will be exercising fiscal management responsibility, and was exercising such responsibility when the liability accrued.

Allows the Commissioner to accept an increased or additional bond in the amount of the unpaid liability instead of denying or revoking the permit, with the bond remaining in place until the liability is satisfied or after four years of demonstrated compliance with tax provisions.

Defines "finally determined tax liabilities" as state taxes, fees, penalties, and interest owed to the Department of Revenue where the assessment has been made and is not subject to further administrative or judicial review.

Changes reference from "State Tax Commission" to "Department of Revenue" in the statute.