Mississippi Senate Bill SB2480

Mississippi 2024 Regular Session

• Introduced: 2/16/24
• Refer: 2/16/24
• Failed: 3/5/24

Caption

Local governments; disallow 2% charge for ad valorem tax when paying with a debit card.

Impact

If enacted, SB2480 will have significant implications for tax collection practices within Mississippi. By eliminating debit card processing fees for ad valorem taxes, the bill encourages the use of electronic payments, which can enhance efficiency in tax collection. This change is anticipated to benefit citizens who prefer digital transactions over traditional payment methods, making it more affordable and accessible for taxpayers to meet their obligations. It may also influence how local governments and state agencies manage their payment processing policies in light of this new mandate.

Summary

Senate Bill 2480 aims to amend existing Mississippi state laws regarding the payment of ad valorem taxes. The bill specifically disallows any processing fee from being charged to users making debit card payments for ad valorem taxes. This legislative change seeks to alleviate the financial burden on taxpayers who utilize electronic payment methods, ensuring that they do not incur additional charges when paying their taxes using debit cards. The bill also includes amendments to Sections 27-104-33 and 17-25-1 of the Mississippi Code of 1972 to align with this policy initiative.

Contention

The proposal may encounter some points of contention, particularly from entities concerned about the financial implications for local governments and tax collectors who might rely on processing fees to cover operational costs. By prohibiting these charges, opponents may argue that it could strain resources within local jurisdictions. However, supporters of the bill contend that the net benefits to taxpayers, in terms of reduced payment burdens and increased participation in electronic transactions, outweigh these concerns. The ongoing debate will likely focus on the balance between facilitating taxpayer convenience and the fiscal realities faced by local entities.