Mississippi HB1486 revises tax lien collection rules and compromise of doubtful claims.
Mississippi HB1486 amends the Mississippi Code to revise provisions regarding tax liens and the compromise of doubtful claims. It sets a seven-year limit for the Department of Revenue to collect on a tax lien unless the notice is released or reenrolled. For tax liens enrolled after July 1, 2026, collection action is prohibited after three years. Compromised liabilities can be reestablished if the taxpayer misrepresented their financial condition.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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