Mississippi Legislature

1999 Regular Session

House Bill 1658

[Introduced]

Instructions Bill Status Menu




History of Actions

Background

Title

Description: Income tax; revise certain provisions regarding gains and losses and business deductions.

History of Actions:

102/17/99(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: Franks

Additional Authors: Bozeman, Brown, Cummings, Dedeaux, Eaton, Formby, Grist, Hamilton, Holland, Howell, Janus, Jennings, Johnson, Ketchings, King, Markham, Miles, Nettles, Reynolds, Roberson, Robertson, Saucier, Smith (35th), Weathersby, West

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

Title: AN ACT TO AMEND SECTION 27-7-9, MISSISSIPPI CODE OF 1972, TO DELETE THE REQUIREMENT THAT CERTAIN TRANSACTIONS ENTERED INTO BY CORPORATIONS BE ADJUSTED OR ELIMINATED FOR INCOME TAX PURPOSES; TO AMEND SECTION 27-7-17, MISSISSIPPI CODE OF 1972, TO REVISE CERTAIN PROVISIONS REGARDING THE TREATMENT OF CERTAIN INTEREST EXPENSE AS A BUSINESS DEDUCTION; AND FOR RELATED PURPOSES.


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



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