History of Actions | Background | Title |
Description: Income tax; provide refund to taxpayers if general fund income tax collections exceed budget estimate by 2% or more.
| 1 | 01/19/98 | (H) | Referred To Ways and Means | |
| 2 | 02/03/98 | (H) | Died In Committee |
| Effective date | July 1, 1998 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| 3/5ths vote required | No |
House Committee:
Principal Author: Compretta
Additional Author: Mitchell
Code Section: A 027-0007-0071
Title: AN ACT TO PROVIDE THAT IF THE INCOME TAX REVENUE COLLECTIONS IN THE STATE GENERAL FUND FOR FISCAL YEAR 1998, OR ANY FISCAL YEAR THEREAFTER, EXCEED BY TWO PERCENT OR MORE THE FINAL GENERAL FUND INCOME TAX REVENUE ESTIMATE FOR THE FISCAL YEAR, AN INCOME TAX REFUND SHALL BE ISSUED TO TAXPAYERS WHO PAID TAXES ON INCOME EARNED DURING THE CALENDAR YEAR 1998 OR ANY CALENDAR YEAR THEREAFTER, AS APPROPRIATE; TO PROVIDE FOR THE METHOD OF CALCULATING SUCH REFUNDS AND FOR THE ISSUANCE OF THE REFUNDS BY THE STATE TAX COMMISSION; TO AMEND SECTION 27-7-71, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; AND FOR RELATED PURPOSES.
End Of Document
1998/History/HB\HB1463.htm