Mississippi Legislature

1998 Regular Session

House Bill 526

[Introduced] [Committee Substitute] [Passed House]

Instructions Bill Status Menu





History of Actions

Background

Title

Description: Income tax; adjust standard deduction and individual exemptions for inflation.

History of Actions:

101/06/98(H)Referred To Ways and Means
202/18/98(H)Title Suff Do Pass Comm Sub
302/24/98(H)Committee Substitute Adopted
402/24/98(H)Passed
502/26/98(H)Transmitted To Senate
602/27/98(S)Referred To Finance
703/17/98(S)Died In Committee

Background Information:

Effective dateJuly 1, 1998
DispositionDead
DeadlineRevenue/Appropriation
RevenueYes
3/5ths vote requiredYes

House Committee:

Senate Committee:

Principal Author: Blackmon

Code Sections: A 027-0007-0017, A 027-0007-0021

Title: AN ACT TO AMEND SECTION 27-7-17, MISSISSIPPI CODE OF 1972, TO ADJUST THE OPTIONAL STANDARD DEDUCTION FOR CHANGES IN THE UNITED STATES INFLATION RATE BEGINNING WITH THE CALENDAR YEAR 2001; TO AMEND SECTION 27-7-21, MISSISSIPPI CODE OF 1972, TO ADJUST ALL INCOME TAX EXEMPTIONS FOR INDIVIDUALS FOR CHANGES IN THE UNITED STATES INFLATION RATE BEGINNING WITH THE CALENDAR YEAR 2001; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 03/17/98 at 17:36.



End Of Document

1998/History/HB\HB0526.htm