Mississippi Legislature

1999 Regular Session

Senate Bill 2739

[Introduced]

Instructions Bill Status Menu




History of Actions

Background

Title

Description: Income tax; exempt insurance companies in order to simplify calculation of insurance premium tax liability (STC).

History of Actions:

101/18/99(S)Referred To Finance
202/24/99(S)Died In Committee

Background Information:

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

Senate Committee:

Principal Author: Bryan

Code Sections: A 027-0007-0029, A 027-0007-0023, A 027-0015-0115

Title: AN ACT TO AMEND SECTION 27-7-29, MISSISSIPPI CODE OF 1972, TO EXEMPT INSURANCE COMPANIES FROM INCOME TAX IN ORDER TO SIMPLIFY THE PROCEDURES USED BY THE STATE TAX COMMISSION WHEN CALCULATING THE INSURANCE PREMIUM TAX LIABILITY OF INSURANCE COMPANIES, WHICH ARE ALLOWED TO CREDIT THE NET AMOUNT OF INCOME TAX PAID FOR THE PRECEDING CALENDAR YEAR AGAINST INSURANCE PREMIUM TAX LIABILITY; TO AMEND SECTIONS 27-7-23 AND 27-15-115, MISSISSIPPI CODE OF 1972, TO CONFORM TO THE PROVISIONS OF THIS ACT; AND FOR RELATED PURPOSES.


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



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