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MS SB3191

Bill

Official Source

Status

Engrossed

2/25/2026

Primary Sponsor

Chris Johnson

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Excludes debit card, credit card, and other electronic payment processing or interchange fees from the definition of "gross proceeds of sales" for Mississippi sales tax purposes
  • Amends Section 27-65-3 of the Mississippi Code of 1972, which defines key terms for the state's sales tax chapter
  • Retailers will no longer owe sales tax on the portion of transactions that represents payment processing fees charged by card networks and payment processors
  • Makes minor grammatical changes replacing "does not" with "shall not" in existing exclusions for employee meals and finance charges
  • Effective date is July 1, 2026

Legislative Description

Sales tax; exclude processing or interchange fees charged for electronic payment transactions from "gross proceeds of sales."

Last Action

Title Suff Do Pass As Amended

3/16/2026

Committee Referrals

Ways and Means2/26/2026
Finance2/23/2026

Full Bill Text

No bill text available