Children’s Promise Act Notice – 2021 | 12/4/2020
In the 2020 legislative session, House Bill 1729 passed to
amend The Children’s Promise Act. Beginning January 1, 2021, Miss. Code Ann.
§27-7-22.41 provides that the aggregate amount of tax credits that may be
allocated by the Department of Revenue to certain business enterprises making
voluntary cash contributions to ECOs cannot exceed ten million dollars
($10,000,000) in a calendar year. For guidance on how the credits will be
allocated, please see Notice 80-20-05 below.
Notice 80-20-05 – Children Promise Act Notice –
2021 |
Direct Purchase of Wine from a Winery | 12/1/2020
House Bill 1088, as passed by the 2020 Mississippi
Legislature, authorizes individuals to purchase wine from a winery and have the
wine shipped directly to a permitted package store. Each person is limited to no more than ten
(10) cases of wine per year. This bill
does not allow purchases of wine from out of state package stores or other online
retailers.
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Notice of Food Delivery Services | 9/16/2020
Mississippi Sales Tax will no longer be due on the sale of food through third-party delivery services where the delivery service allows customers to order food to be delivered from a restaurant of the customer's choosing and pay for the food through the delivery service's app or website.
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Children's Promise Act-Limit Reached for 2020-ECOs | 9/2/2020
The aggregate amount of tax credits that may be allocated by the Department of Revenue to certain businesses making voluntary cash contributions to eligible charitable organizations under Miss. Code Ann. Section 27-7-22.41 has been reached. Thus, unless businesses fail to make the contributions to the charitable organizations specified on the applications, there will be no additional funds to allocate for the 2020 year.
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Children's Promise Act-Limit Reached for 2020-QCO/QFCCOs | 9/2/2020
The aggregate amount of tax credits that may be allocated by the Department of Revenue to individuals making voluntary cash contributions to a qualifying charitable organization or a qualifying foster care charitable organization under Miss. Code Ann. Section 27-7-22.39 has been reached. Thus, unless business fail to make the contributions to the charitable organizations specified on the applications, there will be no additional funds to allocate for the 2020 year.
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Children’s Promise Act - House Bill 1729 | 7/27/2020
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2020 Second Amendment Holiday | 7/21/2020
The 2020 Second Amendment Holiday will take place between 12:01 A.M. Friday, August 28, 2020 and 12:00 Midnight Sunday, August 30, 2020. Please see the following link for additional information:
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Mississippi Second Amendment Weekend Guidance | 7/21/2020
The 2020 Mississippi Second Amendment Weekend holiday takes
place between Friday, August 28, 2020 and Sunday, August 30, 2020. |
Annual Second Amendment Sales Tax Holiday Guide | 7/21/2020
A sales tax holiday is a temporary period when sales taxes are not collected or paid on purchases of specific products and/or services.
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Notice to Marketplace Facilitators | 7/13/2020
House
Bill 379 of the 2020 Regular Session creates the Mississippi Marketplace
Facilitator Act of 2020. This act defines a marketplace facilitator as any
person who facilitates a retail sales by a seller by:
(i)
listing or advertising
for sale by the retailer in any forum, tangible personal property, services or
digital goods that are subject to tax under Mississippi sales tax law; and
(ii)
either directly or indirectly
through agreements or arrangements with third parties collecting payment from
the customer and transmitting that payment to the retailer regardless of
whether the marketplace provider receives compensation or other consideration
in exchange for its service.
House Bill 379
additionally provides that sales facilitated by third party food delivery
services that deliver food from an unrelated restaurant to a customer are not
considered retail sales. These third party food delivery services should pay
sales tax to the restaurant on the cost of the food purchased from the
restaurant and not charge the customer sales tax on the delivery. For
additional information, please see the following link:
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