Mississippi Legislature

1998 Regular Session

House Bill 561

[Introduced] [Passed House] [Sent to Governor]

Instructions Bill Status Menu





History of Actions

Background

Title

Description: Income tax; conform certain provisions to the Internal Revenue Code (STC).

History of Actions:

101/06/98(H)Referred To Ways and Means
201/21/98(H)Title Suff Do Pass
302/17/98(H)Passed
402/17/98(H)Motion to Reconsider Entered
502/26/98(H)Reconsidered
602/26/98(H)Amended
702/26/98(H)Passed As Amended
802/27/98(H)Transmitted To Senate
903/02/98(S)Referred To Finance
1003/12/98(S)Title Suff Do Pass
1103/13/98(S)Tabled Subject To Call
1203/17/98(S)Amended
1303/17/98(S)Passed As Amended
1403/17/98(S)Returned For Concurrence
1503/18/98(H)Decline to Concur/Invite Conf
1603/20/98(H)Conferees Named Clarke,Fredericks,Moss
1703/26/98(S)Conferees Named Bryan,Johnson (38th),Rayborn
1803/28/98(S)Conference Report Filed
1903/28/98(H)Conference Report Filed
2003/29/98(S)Conference Report Adopted
2103/30/98(H)Conference Report Adopted
2204/02/98(H)Enrolled Bill Signed
2304/03/98(S)Enrolled Bill Signed
2404/03/98Due From Governor 04/21/98
2504/14/98Approved by Governor

Background Information:

Effective dateJanuary 1, 1998
DispositionLaw
DeadlineRevenue/Appropriation
RevenueYes
3/5ths vote requiredYes
Chapter number543

House Committee:

Senate Committee:

Principal Author: Williams

Code Sections: A 027-0007-0009, A 027-0007-0017, A 027-0007-0101

Title: AN ACT TO AMEND SECTION 27-7-9, MISSISSIPPI CODE OF 1972, TO REMOVE AN OBSOLETE REFERENCE IN THE INCOME TAX LAW OF 1952; TO AMEND SECTION 27-7-17, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT FOR ANY TAXABLE YEAR ENDING AFTER DECEMBER 31, 1997, THE PERIOD FOR NET OPERATING LOSS CARRYBACKS AND NET OPERATING LOSS CARRYOVERS SHALL BE THE SAME AS THOSE ESTABLISHED BY THE INTERNAL REVENUE CODE AND TO PROVIDE THAT THE DEDUCTION FOR POLLUTION OR ENVIRONMENTAL CONTROL FACILITIES SHALL BE THE SAME AS ALLOWED UNDER THE INTERNAL REVENUE CODE; TO AMEND SECTION 27-7-101, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE DEFINITION OF CERTAIN TERMS RELATING TO CAPITAL GAINS SHALL BE THE SAME AS THOSE TERMS ARE DEFINED UNDER THE INTERNAL REVENUE CODE; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 05/05/98 at 08:45.



End Of Document

1998/History/HB\HB0561.htm