Mississippi Code

Miss. Code Ann. § 27-3-57 (2026)

Deposit of funds; apportionment of collections; bonding

✓ current as of July 2026

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All funds collected by the Commissioner of Revenue and by the Department of Revenue under the provisions of any law are designated as public funds of the State of Mississippi. All such funds shall be deposited in the State Treasury on the same day in which the funds are collected, in accordance with Section 7-9-21. The State Treasurer shall transfer such monies to municipalities, counties and other special accounts, as provided by law.

The Commissioner of Revenue shall determine amounts due all municipalities, counties and such special funds as provided by law and shall certify to the State Treasurer at the end of each month the amount due each municipality, county or special fund. All tax collections to be apportioned by the Department of Revenue pursuant to Sections 27-65-75, 27-19-159, 27-5-101 and 27-5-103 shall be distributed to the proper sources as provided by law by the State Treasurer upon the certification of apportionment by the Department of Revenue. The State Treasurer shall requisition monies from the Treasury in such amounts as determined and certified by the Department of Revenue. The Department of Finance and Administration shall deliver the warrant to the State Treasurer who shall transfer such funds to each municipality, county or other such special fund by warrant or by electronic funds transfer on the due date.

Officers charged with the responsibility of handling such funds shall be required to provide fidelity bonds in the amount provided by law.

Codes, 1942, § 9213.5; Laws, 1958, ch 582; Laws, 1979, ch. 417, § 2, 1984, ch. 478, § 8; Laws, 2009, ch. 492, § 30, eff. 7/1/2010.

Notes of Decisions

Cited in 4 cases, 1977–2003 · leading case: City of Belmont v. Miss. State Tax Comm'n, 860 So. 2d 289 (Miss. 2003).

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City of Belmont v. Miss. State Tax Comm'n, 860 So. 2d 289 (Miss. 2003). · cites it 7× “According to Miss.Code Ann. § 27-3-57, it is the duty of the MSTC to determine the amount of funds owed to each municipality, while it is the duty of the State Treasurer to disburse the funds to the municipalities.”

Holladay v. Roberts, 425 F. Supp. 61 (N.D. Miss. 1977). · cites it 2× “” As a non-autonomous part of the state tax commission, the ABC is entitled to the same protection from suit afforded the commission by the Eleventh Amendment. Since “[a]ll funds collected by the chairman of the state tax commission and by the state tax commission under the…”

City of Belmont, Mississippi v. Mississippi State Tax Comm'n (Miss. 2001). · cites it 7× “According to Miss. Code Ann. § 27-3-57 , it is the duty of the MSTC to determine the amount of funds owed to each municipality, while it is the duty of the State Treasurer to disburse the funds to the municipalities.”

Mississippi State Tax Comm'n v. Anthony Viola (Miss. 1993). · cites it 2× “Miss. Code Ann. 27-3-57 (1991). The Tax Commission, implementing the statutory mandate, then adopted a general order that required every employee to deposit all collections within 24 hours.”

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