MS SB2757

Establishes a new tax amnesty program administered by the Department of Revenue for unpaid tax liabilities accrued between January 1, 2005, and December 31, 2019, running from September 1, 2022, through December 31, 2022.

Expands amnesty eligibility to include taxpayers subject to tax-related criminal investigations or prosecution, those with International Fuel Tax Agreement or International Registration Plan penalties, estimated tax payments, and prior 2004 amnesty program participants.

Waives all accrued interest and penalties for eligible taxpayers who pay the full original tax liability during the amnesty period.

Provides criminal penalties of up to $100,000 fine and 5 years imprisonment for individuals (or $500,000 for corporations) who fail to pay during amnesty or willfully evade taxes.

Effective date is July 1, 2022.