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Mississippi House Advances Offer in Compromise Legislation

For several years Mississippi has attempted to pass legislation to authorize offers in compromise allowing taxpayers to pay less than the full amount of finally determined taxes due by them. The Mississippi Constitution prohibits any release or extinguishment of any obligation or liability to the state, except for the compromise of certain doubtful claims.

On Thursday the House of Representatives amended and advanced HB 1095 to enact a process by which the Department of Revenue may approve offers in compromise for doubtful claims upon “the advice of the Attorney General.”  The original draft required approval by the Governor.  The bill defines a doubtful claim as one for which a notice of tax lien has been enrolled in the Uniform State Tax Lien registry for a finally determined tax liability and for the collection of which the ordinary process of law has been ineffectual. If enacted, this bill would be effective July 2, 2021.

© 2022 Jones Walker LLPNational Law Review, Volume XI, Number 43
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About this Author

John Fletcher Tax Lawyer Jones Walker Law Firm
Partner

John Fletcher is a partner in the firm's Tax & Estates Practice Group and practices from the Jackson, Mississippi office. With more than twenty years' experience in the legal, corporate, and accounting arenas, his practice focuses primarily on state tax matters, encompassing Mississippi, Louisiana and multi-state income, franchise, sales, use and local ad valorem taxes.

He is a contributor for Cooking with SALT, a legal blog committed to providing timely insights on recent legal and practical developments concerning clients...

601-949-4620
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