Mississippi Legislature

1999 Regular Session

House Bill 425

[Introduced]

Instructions Bill Status Menu




History of Actions

Background

Title

Description: Income tax; no gain or loss recognized on exchange of property equal in value which is out of state.

History of Actions:

101/05/99(H)Referred To Ways and Means
202/24/99(H)Died In Committee

Background Information:

Effective dateJanuary 1, 1999
DispositionDead
DeadlineRevenue/Appropriation
RevenueYes
3/5ths vote requiredYes

House Committee:

Principal Author: Bourdeaux

Code Section: A 027-0007-0009

Title: AN ACT TO AMEND SECTION 27-7-9, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT NO GAIN OR LOSS SHALL BE RECOGNIZED UNDER THE STATE INCOME TAX LAWS BY TAXPAYERS EXCHANGING PROPERTY WITH PROPERTY OF EQUAL VALUE SITUATED OUTSIDE THE STATE; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/24/99 at 14:26.



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