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MS SB3121
Bill
Status
Failed
2/25/2026
Primary Sponsor
Joey Fillingane
Click for details
AI Summary
- Merchants collecting Mississippi state and local taxes on electronic payment transactions (credit cards, debit cards, prepaid cards) would receive a tax credit equal to 2.5% of the taxes collected on those transactions
- The credit applies to transactions where the merchant pays an interchange fee to payment card networks like Visa or Mastercard
- Covered state taxes include sales taxes under Chapter 65 of Title 27, as well as taxes on gasoline, petroleum products, and certain environmental and highway fees
- Covered local taxes include any taxes levied on hotels, motels, and restaurants under local Mississippi law
- Effective date: July 1, 2026
Legislative Description
Retailer Tax Fairness act; enact.
Last Action
Died In Committee
2/25/2026
Committee Referrals
Finance2/17/2026
Full Bill Text
No bill text available