Retailer Tax Fairness Act provides tax credit for merchants paying interchange fees on electronic transactions.
The Retailer Tax Fairness Act defines terms related to electronic payment transactions and provides a tax credit for merchants or sellers who pay interchange fees on such transactions. The credit is equal to 2.5% of the state and local taxes collected from the purchaser. This act applies to taxes imposed under specific sections of the Mississippi Code and takes effect from July 1, 2026.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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