Mississippi Legislature
2002 Regular Session

House Bill 1730

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Bill Text

History of Actions

Background

Title

Description: Income taxation; revise net operating loss carryback and carryover provisions (STC).

Bill Text: [Introduced]

History of Actions:

1 02/14 (H) Referred To Ways and Means
2 02/27 (H) Died In Committee

Background Information:

Effective dateJanuary 1, 2002
DispositionDead
DeadlineRevenue
RevenueYes
Vote type requiredThree/Fifths

House Committee:

Principal Author: McCoy

Code Section: A 027-0007-0017

Title: AN ACT TO AMEND SECTION 27-7-17, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT NET OPERATING LOSSES FOR ANY TAXABLE YEAR ENDING AFTER DECEMBER 31, 2001, SHALL BE A NET OPERATING LOSS CARRYBACK FOR EACH OF THE TWO TAXABLE YEARS PRECEDING THE LOSS; TO PROVIDE THAT IF THE NET OPERATING LOSS FOR ANY TAXABLE YEAR IS NOT EXHAUSTED BY CARRYBACKS TO SUCH PRECEDING YEARS, THEN THERE SHALL BE A NET OPERATING LOSS CARRYOVER TO EACH OF THE TWENTY TAXABLE YEARS FOLLOWING THE TAXABLE YEAR OF THE LOSS; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/27/02 at 16:58.

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2002/html/History/HB/HB1730.htm