MS HB1139

Removes requirement for employers with average monthly withholding tax liability of at least $50,000 to pay 75% of estimated or actual June withholding taxes by June 25 each year.

Removes requirement for sales tax collectors with average monthly sales tax liability of at least $50,000 to pay 75% of estimated or actual June sales tax liability by June 25 each year.

Removes requirement for use tax collectors with average monthly use tax liability of at least $50,000 to pay 75% of estimated or actual June use tax liability by June 25 each year.

Revises eligibility requirements for counties to receive diversions of sales tax revenue from Tax Increment Financing redevelopment projects to include only counties bordering the Mississippi Sound and Alabama, or Harrison County within 2 miles of Interstate 10 and Menge Avenue intersection, with outstanding bond debt and developments valued at $10 million or more.

Sections 1-3 effective upon passage; Section 4 effective July 1, 2021.