MS HB1095

Commissioner of Revenue is authorized to develop procedures for receiving and considering offers to compromise and settle finally determined tax liabilities classified as "doubtful claims" where ordinary collection processes have been ineffectual and a tax lien has been enrolled in the Uniform State Tax Lien Registry

Settlement agreements require advice from the Attorney General and approval from the Governor, after which the taxpayer's liabilities for taxes, interest, and penalties become fully and finally compromised

If a taxpayer misrepresented their financial condition or property (whether intentionally or not), all compromised liabilities may be reestablished regardless of any applicable statute of limitations

Department of Revenue and Commissioner are authorized to share confidential taxpayer information with the Attorney General for purposes of evaluating compromise offers, subject to existing confidentiality requirements

Effective date is July 1, 2021