Bill Text | History of Actions | Background | Title |
Description: Income tax; reduce rate of tax on income derived from gain on certain sales or other disposition of real estate or timber.
Bill Text: [Introduced]
| 1 | 01/25/00 | (H) | Referred To Ways and Means | |
| 2 | 03/29/00 | (H) | Died In Committee |
| Effective date | January 1, 2001 | |
| Disposition | Dead | |
| Deadline | Revenue/Appropriation | |
| Revenue | Yes | |
| 3/5ths vote required | Yes |
House Committee:
Principal Author: Stringer
Code Section: A 027-0007-0005
Title: AN ACT TO AMEND SECTION 27-7-5, MISSISSIPPI CODE OF 1972, TO REDUCE THE INCOME TAX RATE IMPOSED ON INCOME DERIVED FROM A GAIN FROM THE SALE OR OTHER DISPOSITION OF REAL PROPERTY OR TIMBER IF A TAXPAYER OWNED SUCH REAL PROPERTY OR TIMBER FOR AT LEAST FIVE YEARS BEFORE THE SALE OR DISPOSITION; AND FOR RELATED PURPOSES.
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