Bill Text: MS SB2056 | 2016 | Regular Session | Engrossed

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Bill Title: Income tax; returns of individuals, estates, trusts, & partnerships filed on the same day as the corresponding federal return.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Failed) 2016-03-22 - Died In Committee [SB2056 Detail]

Download: Mississippi-2016-SB2056-Engrossed.html

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MISSISSIPPI LEGISLATURE

2016 Regular Session

To: Finance

By: Senator(s) Fillingane

Senate Bill 2056

(As Passed the Senate)

AN ACT TO AMEND SECTION 27-7-41, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT STATE INCOME TAX RETURNS OF INDIVIDUALS, ESTATES, TRUSTS AND PARTNERSHIPS SHALL BE FILED ON THE SAME DATE AS THE CORRESPONDING FEDERAL INCOME TAX RETURN IS REQUIRED TO BE FILED; AND FOR RELATED PURPOSES.

     BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:

     SECTION 1.  Section 27-7-41, Mississippi Code of 1972, is amended as follows:

     27-7-41.  Returns of individuals, estates, trusts and partnerships shall be filed on * * *or before the 15th day of the fourth month following the close of the fiscal year; or if the return is filed on the basis of a calendar year, it shall be filed on or before April 15 of each year.  Returns of corporations shall be filed on or before the 15th day of the third month following the close of the fiscal year; or if the return is filed on the basis of a calendar year, it shall be filed on or before March 15 of each year the same date as the corresponding federal return is required to be filed.

     If the date for filing any report, claim, tax return, statement, remittance, or other document falls upon a Saturday, Sunday or legal holiday, the filing shall be considered timely if performed on the next business day. 

     All returns shall be made to the commissioner.

     SECTION 2.  This act shall take effect and be in force from and after January 1, 2016.

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