Mississippi Administrative Code
Title 35 - Department of Revenue
Part 4 - Sales and Use Tax
Subpart 01 - Administrative
Chapter 03 - Sales Tax Bonds
Section 35-4-01-03-105
Current through September 24, 2024
Any person who fails to comply with all the provisions of the sales tax law forfeits his right to do business in this state until such time as the person shall comply with all the provisions, post an adequate surety bond as established by the Commissioner and pay all taxes legally due. A surety bond will be required for any person who:
1. Fails to obtain a sales tax permit before going into business;
2. Continues to operate a business after revocation of the sales tax permit;
3. Fails to file their sales tax returns;
4. Fails to keep adequate records and invoices as required by the sales tax laws;
5. Fails or refuses to permit inspection of records; or
6. Fails to pay any taxes due under the sales tax laws.
The surety bond shall be in an amount sufficient to cover the estimated tax liability for a six months' period and conditioned that all taxes accruing in the future will be paid when due.
