MS HB861

Authorizes the Commissioner of Revenue to reduce a taxpayer's tax liability based on additional documentation or information provided after the Board of Tax Appeals issues an order.

Grants the Commissioner 30 days to issue a determination on the additional information, during which the 60-day appeal period to chancery court is tolled (paused).

Requires the Commissioner to provide written notice indicating when the 60-day appeal period resumes if a determination is issued in less than 30 days.

Allows the reduced amount determined by the Commissioner to be collected by the agency if not paid and no appeal is filed within the applicable period.

Effective July 1, 2020.