Mississippi Legislature

2000 Regular Session

Senate Bill 2457

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Bill Text

History of Actions

Background

Title

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

Bill Text: [Introduced] [Passed Senate]

History of Actions:

101/26/00(S)Referred To Finance
203/28/00(S)Title Suff Do Pass
303/29/00(S)Passed
403/30/00(S)Transmitted To House
503/31/00(H)Referred To Ways and Means
604/17/00(H)Title Suff Do Pass
704/18/00(H)Died On Calendar

Background Information:

Effective dateJanuary 1, 2000
DispositionDead
DeadlineRevenue/Appropriation
RevenueYes
3/5ths vote requiredYes

Senate Committee:

House Committee:

Principal Author: Minor

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 04/18/00 at 14:07.



End Of Document

2000/pdf/History/SB/SB2457.htm