MS HB1443

Imposes a 7% sales tax on money transmitted from Mississippi to locations outside the United States or its territories by persons licensed under the Mississippi Money Transmitters Act

Creates a refund mechanism for U.S. citizens who pay this tax, requiring applicants to provide a Social Security number or taxpayer identification number along with proof of taxes paid

Refunds not processed within 90 days of application will accrue interest at 0.5% per month

Effectively targets international remittances while exempting U.S. citizens from the tax burden through the refund process

Effective date of July 1, 2021