History of Actions | Background | Title |
Description: Taxation; increase income tax standard deduction and personal exemption for married individuals; exempt certain retail sales of food from sales tax.
1 | 01/08/97 | (H) | Referred To Ways and Means | |
2 | 02/26/97 | (H) | Died In Committee |
Effective date | January 1, 1998 | |
Disposition | Dead | |
Deadline | Revenue/Appropriation | |
Revenue | Yes | |
3/5ths vote required | Yes |
House Committee:
Principal Author: Moak
Code Sections: A 027-0007-0017, A 027-0007-0021, A 027-0065-0111
Title: AN ACT TO AMEND SECTION 27-7-17, MISSISSIPPI CODE OF 1972, TO INCREASE FROM $3,400.00 TO $4,600.00 THE INCOME TAX OPTIONAL STANDARD DEDUCTION FOR MARRIED INDIVIDUALS FILING JOINTLY AND TO INCREASE FROM $1,700.00 TO $2,300.00 THE INCOME TAX OPTIONAL STANDARD DEDUCTION FOR MARRIED INDIVIDUALS FILING SEPARATELY; TO AMEND SECTION 27-7-21, MISSISSIPPI CODE OF 1972, TO INCREASE FROM $9,500.00 TO $12,000.00 THE EXEMPTION FROM INCOME TAX ALLOWED FOR MARRIED INDIVIDUALS LIVING TOGETHER; TO AMEND SECTION 27-65-111, MISSISSIPPI CODE OF 1972, TO EXEMPT FROM SALES TAX RETAIL SALES OF FOOD FOR HUMAN CONSUMPTION; AND FOR RELATED PURPOSES.
End Of Document
1997/History/HB\HB0769.htm