MS SB2761

Moves the remittance date for oil and gas severance taxes back one month by changing the due date from the first month succeeding the tax accrual month to the second month succeeding the tax accrual month.

Requires taxpayers to file monthly returns and remit taxes on or before the 25th day of the month for "the month before the preceding month" rather than the preceding month.

Updates references from "tax commission" to "Department of Revenue" in sections governing production information sharing between the Department of Revenue and State Oil and Gas Board.

Applies to both oil severance taxes (Section 27-25-519) and gas severance taxes (Section 27-25-717).

Effective January 1, 2021.