Mississippi Legislature
2001 Regular Session

Senate Bill 3150

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Bill Text

History of Actions

Amendments

Background

Title

Description: Income tax; impose a 3% tax on gaming winnings to be collected by casinos & exclude gaming winnings from gross income.

Bill Text: [Introduced] [Passed Senate] [Sent to Governor]

History of Actions:

1 02/13 (S) Referred To Finance
2 02/15 (S) Title Suff Do Pass
3 02/19 (S) Amended
4 02/19 (S) Passed As Amended
5 02/21 (S) Transmitted To House
6 02/21 (H) Referred To Ways and Means
7 03/07 (H) Title Suff Do Pass
8 03/12 (H) Passed
9 03/12 (H) Motion to Reconsider Entered
10 03/13 (H) Motion to Reconsider Tabled
11 03/13 (H) Transmitted To Senate
12 03/14 (S) Enrolled Bill Signed
13 03/15 (H) Enrolled Bill Signed
14 03/21 Approved by Governor

Amendments:

Adopted [S] Amendment No 1

Background Information:

Effective dateJanuary 1, 2002
DispositionLaw
DeadlineRevenue
RevenueYes
Vote type requiredThree/Fifths
Chapter number452

Senate Committee:

House Committee:

Principal Author: Minor

Code Sections: A 027-0007-0015, A 027-0007-0017

Title: AN ACT TO LEVY A TAX IN THE AMOUNT OF 3% UPON AMOUNTS THAT ARE SUBJECT TO WITHHOLDING AND REPORTING REQUIREMENTS BY THE INTERNAL REVENUE CODE THAT ARE PAID TO PATRONS BY LICENSED GAMING ESTABLISHMENTS; TO PROVIDE THAT SUCH TAX SHALL BE COLLECTED BY GAMING ESTABLISHMENTS; TO PROVIDE THAT NO STATE INCOME TAX CREDIT SHALL BE GIVEN TO PATRONS FOR THE AMOUNT OF THE TAX SO COLLECTED; TO AMEND SECTION 27-7-15, MISSISSIPPI CODE OF 1972, TO EXCLUDE AMOUNTS PAID TO PATRONS UPON WHICH THE TAX PROVIDED FOR IN THIS ACT IS COLLECTED FROM THE DEFINITION OF GROSS INCOME UNDER THE STATE INCOME TAX LAWS; TO AMEND SECTION 27-7-17, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT LOSSES INCURRED AT LICENSED GAMING ESTABLISHMENTS SHALL NOT BE DEDUCTIBLE UNDER STATE INCOME TAX LAWS; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 03/21/01 at 00:01.

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