MS SB2814

Amends Section 71-5-506 of the Mississippi Code to allow individuals filing unemployment compensation claims to elect withholding of state income tax in addition to federal income tax from their benefits.

Requires claimants to be advised that unemployment compensation is subject to federal, state, and local income tax, and that they may elect withholding of both federal and state taxes at amounts specified in federal law and Title 27, Chapter 7 of the Mississippi Code.

Permits claimants to change previously elected withholding status at any time.

Authorizes the unemployment commission to follow procedures specified by the U.S. Department of Labor, Federal Internal Revenue Service, and Mississippi Department of Revenue for deducting and withholding income tax.

Takes effect July 1, 2021.