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Mississippi Early Payment Trigger Modification


Mississippi Senate Bill 2899 has been modified to make the following change effective July 1, 2013, instead of July 1, 2012:

Increase the average monthly sales tax liability that triggers prepayment of sales taxes from $20,000 to $50,000.00.

“A taxpayer required to collect sales taxes…and having an average monthly sales tax liability of at least Fifty Thousand Dollars ($50,000) for the preceding calendar year shall pay to the Department of Revenue on or before June 25, 2014, and on or before the twenty-fifth day of June of each succeeding year thereafter, an amount equal to at least seventy-five percent (75%) of such taxpayer’s estimated sales tax liability for the month of June of the current calendar year, or an amount equal to at least seventy-five percent (75%) of the taxpayer’s sales tax liability for the month of June of the preceding calendar year.”

The bill also modified references to the State Tax Commission to reflect Department of Revenue instead. Click here to read the bill as it now stands.

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Sales tax rates, rules, and regulations change frequently. Although we hope you'll find this information helpful, this blog is for informational purposes only and does not provide legal or tax advice.
Avalara Author
Susan McLain
Avalara Author Susan McLain
Susan McLain began her career as a technical writer in technology industries such as satellite networking and medical devices. Her skills encompass technical and marketing writing, usability engineering, verification and validation testing and protocol writing, requirements development, business analysis, technical illustration/graphic design and marketing. She has owned her own business providing service to small to medium sized business and in other positions, she has been in project management, documentation and marketing. She is currently the content specialist for Avalara helping to “make sales tax less taxing.”