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MS HB606

Bill

Official Source

Status

Failed

2/25/2026

Primary Sponsor

Rob Roberson

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Creates the "Retailer Tax Fairness Act" allowing merchants to claim a tax credit when collecting state and local taxes through electronic payment transactions that incur interchange fees
  • Provides a tax credit equal to 2.5% of the state and local taxes collected in qualifying electronic payment transactions where the merchant pays an interchange fee
  • Applies to transactions using credit cards, debit cards, and other electronic payment methods processed through payment card networks
  • Covers state sales taxes, certain fuel and petroleum taxes, and local taxes on hotels, motels, and restaurants authorized under Mississippi law
  • Takes effect July 1, 2026

Legislative Description

Retailer Tax Fairness Act; create.

Last Action

Died In Committee

2/25/2026

Committee Referrals

Ways and Means1/13/2026

Full Bill Text

No bill text available