Mississippi Legislature

2000 Regular Session

Senate Bill 2624

Instructions Bill Status Menu




Bill Text

History of Actions

Background

Title

Description: Income taxation; provide deduction in gross income for volunteer firefighters and volunteer law enforcement officers.

Bill Text: [Introduced]

History of Actions:

102/08/00(S)Referred To Finance
203/29/00(S)Died In Committee

Background Information:

Effective dateJuly 1, 2000
DispositionDead
DeadlineRevenue/Appropriation
RevenueNo
3/5ths vote requiredNo

Senate Committee:

Principal Author: Carmichael

Code Section: A 027-0007-0018

Title: AN ACT TO AUTHORIZE COUNTIES AND MUNICIPALITIES TO ESTABLISH A SYSTEM WHEREBY CERTAIN MEMBERS OF VOLUNTEER FIRE DEPARTMENTS AND VOLUNTEER RESERVE LAW ENFORCEMENT OFFICERS WHO SERVE WITHIN THEIR JURISDICTION MAY BE CREDITED POINTS FOR CERTAIN VOLUNTEER ACTIVITIES; TO PROVIDE THAT SUCH POINTS MAY BE USED TO OBTAIN A DEDUCTION IN THEIR GROSS INCOME FOR INCOME TAX PURPOSES; TO REQUIRE COUNTIES AND MUNICIPALITIES THAT ESTABLISH SUCH A PROGRAM TO MAINTAIN CERTAIN RECORDS AND PROVIDE CERTAIN INFORMATION TO THE STATE TAX COMMISSION AND ELIGIBLE VOLUNTEERS; TO MAKE IT A CRIME TO KNOWINGLY MAKE A FALSE STATEMENT OR REPORT IN ORDER TO RECEIVE POINTS UNDER THE PROGRAM; TO AMEND SECTION 27-7-18, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT VOLUNTEERS WHO HAVE BEEN CREDITED POINTS UNDER THE PROGRAM PROVIDED FOR IN THIS ACT SHALL BE ALLOWED A DEDUCTION FROM GROSS INCOME EQUAL TO $1,000.00 FOR EVERY 50 POINTS A VOLUNTEER IS CREDITED IN A TAXABLE YEAR NOT TO EXCEED $5,000.00 PER TAXABLE YEAR; TO PROVIDE THAT NO MORE THAN 75 POINTS MAY BE EARNED IN ANY ONE CATEGORY FOR WHICH POINTS MAY BE AWARDED; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 03/29/00 at 14:36.



End Of Document

2000/pdf/History/SB/SB2624.htm