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MS SB2546

Bill

Official Source

Status

Failed

6/17/2020

Primary Sponsor

Chris Caughman

Click for details

Origin

Senate

2020 Regular Session

AI Summary

  • Requires the Department of Revenue to revise individual income tax forms to allow taxpayers to designate up to two bank accounts for direct deposit of tax refunds

  • Permits taxpayers to specify how their refund amount is allocated between the two designated bank accounts

  • Applies to all income tax forms used for tax years beginning on or after January 1, 2021

  • Takes effect July 1, 2020

Legislative Description

Dept. of Revenue; authorize to revise individual income tax forms to allow designation of two bank accounts for direct deposit.

Last Action

Died On Calendar

6/17/2020

Committee Referrals

Banking and Financial Services3/25/2020
Finance2/17/2020

Full Bill Text

No bill text available