Mississippi Legislature

1998 Regular Session

Senate Bill 2449

[Introduced] [Committee Substitute] [Passed Senate]

Instructions Bill Status Menu





History of Actions

Background

Title

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

History of Actions:

101/09/98(S)Referred To Finance
202/19/98(S)Title Suff Do Pass Comm Sub
302/20/98(S)Committee Substitute Adopted
402/20/98(S)Passed
502/23/98(S)Transmitted To House
602/24/98(H)Referred To Ways and Means
703/12/98(H)Title Suff Do Pass As Amended
803/16/98(H)Read the Third Time
903/17/98(H)Died On Calendar

Background Information:

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

Senate Committee:

House Committee:

Principal Author: Bryan

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 03/17/98 at 13:41.



End Of Document

1998/History/SB\SB2449.htm