Mississippi Legislature

1999 Regular Session

House Bill 1465

[Introduced]

Instructions Bill Status Menu




History of Actions

Background

Title

Description: Income tax; provide refund to taxpayers if generalfund income tax collections exceed budget estimate by two percent or more.

History of Actions:

101/18/99(H)Referred To Ways and Means
202/02/99(H)Died In Committee

Background Information:

Effective dateJuly 1, 1999
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
3/5ths vote requiredNo

House Committee:

Principal Author: Compretta

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 2000, 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 1999 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.


Information pertaining to this measure was last updated on 02/02/99 at 17:07.



End Of Document

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