On May 7, 2024, David M. Sanford, 58, of Laurel, MS, entered a plea of guilty to one count of tax evasion (Mississippi Code 27-3-79) before Jones County Circuit Judge Dal Williamson.
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The Mississippi Department of Finance and Administration (DFA) is accepting RFPs on the design and construction of the State’s new Alcoholic Beverage Control (ABC) distribution center. The deadline for proposals is Thursday, July 11, 2024, at 2:00 p.m. To submit an RFP and learn more, please go to the DFA website here.
Senate Bill 2470 (2024 Regular Session) extended the holiday a day and moved it to the second Friday in July.
Miss. Code Ann. Section 27-65-111(ab) provides a sales tax holiday in the State of Mississippi. A sales tax holiday is a temporary period when sales taxes are not collected or paid on purchases of specific products and/or services.
The Department of Revenue is accepting applications for the 2024 Summer Internship Program. Applications and supporting documents should be submitted by Monday, April 1, 2024.
Check out the DOR Internship requirements and opportunities by clicking here. You may also view the testimonial video of former interns' experiences.
The Mississippi Department of Revenue will begin accepting Applications for Charitable Credit Allocations for calendar year 2024 on Tuesday, January 2, 2024, 8:00 a.m. CST.
Applications must be submitted online. You can access the application by clicking here and selecting the “Apply for a Charitable Contribution Credit” link under the Apply Online section.
For the Notice regarding changes for the 2024 Application process, click here.
For Frequently Asked Questions pertaining to the 2024 Charitable Credits Application process, click here.
Additional information pertaining to each credit type can be found at dor.ms.gov/charitablecredits.
The Department has posted a Notice regarding the 2024 calendar year application.
House Bill 1733 of the 2023 Legislative Session was signed into law on March 27, 2023. This bill amended Miss. Code Ann. Section 27-7-17 to revise the methods of depreciation that may be used for certain expenditures and property for state income tax purposes. This bill is effective from and after January 1, 2023.
House Bill 1668 of the 2023 Legislative Session was signed into law on March 27, 2023. This bill amended Miss. Code Ann. Section 27-7-26 by revising the method by which a partnership, S corporation or other similar pass-through entity may elect to become an “electing pass-through entity” for state income tax purposes, and provided that any additional income tax credits generated by the electing pass-through entity shall be passed through to the owners on a pro rata basis and that any excess credit may be carried forward as an overpayment or refunded. Limitations applicable to credits generated by the electing pass-through entity shall apply at the owner, member, partner or shareholder level. This bill is effective from and after January 1, 2023 and applies to any income tax return with an original due date on or after January 1, 2023.
Notice 80-23-002: Updated Guidance on Pass-Through Entity Election