Retailer Tax Fairness Act; create.

HB 879, the Retailer Tax Fairness Act, would have provided a 2.5% tax credit to Mississippi merchants and sellers for state and local taxes collected on credit or debit card purchases. This credit would apply to taxes paid on transactions where the merchant paid an interchange fee (processing fee) to payment networks. The bill defined "electronic payment transactions" broadly to include all card-based purchases and specified the credit amount as 2.5% of the taxes collected from such transactions. The bill died in committee on February 26, 2025, and did not become law.