Department of Revenue; revise provisions regarding tax liens and compromise of doubtful claims.

HB 1486 changes Mississippi's tax lien collection rules. It sets a 3-year limit for the Department of Revenue to collect on tax liens enrolled on or after July 1, 2026, and requires collection actions to stop by July 1, 2029, for liens existing as of that date. The bill defines "doubtful claims" as tax debts where collection is ineffective, and establishes that such claims can be settled: taxpayers pay 50% of the debt if the lien has been active 3-10 years, or the full amount is waived after 10 years. This directly affects taxpayers with unresolved tax debts and modifies how the state handles old tax liabilities.