[Introduced] [Passed House]
Description: Income tax; increase standard deduction and exemption for married individuals.
History of Actions:
|1||01/14/97||(H)||Referred To Ways and Means|
|2||01/15/97||(H)||Title Suff Do Pass|
|4||01/16/97||(H)||Transmitted To Senate|
|5||01/17/97||(S)||Referred To Finance|
|6||03/18/97||(S)||Died In Committee|
|Effective date||January 1, 1998|
|3/5ths vote required||Yes|
Principal Author: Formby
Additional Authors: Barnett (92nd), Barnett (116th), Bowles, Brown, Cameron, Chaney, Davis (102nd), Dedeaux, Denny, Ellington, Flaggs, Foster, Frierson, Green (34th), Guice, Holden, Howell, Hudson, Janus, Johnson, Ketchings, King, Maples, Martinson, McElwain, Mitchell, Montgomery, Moore, Nettles, Read, Reeves, Robertson, Robinson (84th), Rogers, Rotenberry, Saucier, Smith (35th), Smith (39th), Stevens, Stribling, Weathersby, Wells-Smith, Williams, Woods, Simpson, Ross, Bailey, Banks, Bourdeaux, Bozeman, Broomfield, Capps, Clarke, Coleman (65th), Comans, Compretta, Cummings, Eaton, Ellzey, Endt, Evans, Gadd, Green (96th), Grist, Hamilton, Henderson (9th), Holland, Horne, Huskey, Livingston, Malone, Manning, McBride, McCoy, McInnis, Middleton, Miles, Miller, Moak, Moody, Morris, Moss, Myers, Peranich, Perry, Reynolds, Richardson, Ryan, Schoby, Scott (17th), Short, Simmons (37th), Smith (27th), Stringer, Taylor, Thornton, Vince, Walker, Wallace, Warren, Young, Ford, Franks
Code Sections: A 027-0007-0017, A 027-0007-0021
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; AND FOR RELATED PURPOSES.
End Of Document