MS HB865

Allows the Mississippi Commissioner of Revenue to deny or revoke a sales tax permit if the applicant or taxpayer is an entity and any partner, member, principal officer, or director of that entity has failed to satisfy finally determined tax liabilities.

Limits this denial or revocation authority to individuals who own 10% or more of the entity and are exercising responsibility for fiscal management.

Permits the Commissioner to accept an increased or additional bond from the entity as an alternative to denying or revoking the permit.

Defines "finally determined tax liabilities" as any state tax, fee, penalty, or interest where the assessment is made and not subject to further administrative or judicial review.

Takes effect July 1, 2020.