Bill Text: MS SB2296 | 2014 | Regular Session | Enrolled
Bill Title: Fuel tax; provide that interest charged for late payment or nonpayment shall be as provided in the International Fuel Tax Agreement.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2014-03-13 - Approved by Governor [SB2296 Detail]
Download: Mississippi-2014-SB2296-Enrolled.html
MISSISSIPPI LEGISLATURE
2014 Regular Session
To: Finance
By: Senator(s) Fillingane
Senate Bill 2296
(As Sent to Governor)
AN ACT TO AMEND SECTION 27-61-31, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE RATE OF INTEREST THAT MAY BE IMPOSED FOR LATE PAYMENT OR NONPAYMENT OF THE FUEL TAX SHALL BE THE RATE OF INTEREST PROVIDED FOR IN THE INTERNATIONAL FUEL TAX AGREEMENT; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. Section 27-61-31, Mississippi Code of 1972, is amended as follows:
27-61-31. (1) All
administrative provisions of the Mississippi Sales Tax Law, including those
which fix damages, penalties and interest for nonpayment of taxes, failure to
file returns and for other noncompliance with the provisions of * * * the sales tax law, and all other
requirements and duties imposed upon taxpayers, shall apply to all persons
liable for taxes under the provisions of this chapter, and the * * * department shall exercise all
the power and authority and perform all the duties with respect to taxpayers
under this chapter as are provided in * * * the sales tax law, except that in
cases of conflict, then the provisions of this chapter shall control.
(2) Interest at the
rate * * * provided for in the
International Fuel Tax Agreement may be assessed for the late payment or
nonpayment of taxes under this chapter. A penalty of Fifty Dollars ($50.00) or
ten percent (10%) of the tax due, whichever is greater, may be assessed for the
failure to file a report, the late payment of taxes or the failure to pay
taxes.
SECTION 2. This act shall take effect and be in force from and after October 1, 2014.
