Description: Income tax; place 3% tax on gaming winnings paid by unlicensed gaming establishments to be collected by the gaming establishment (STC).
Bill Text: [Introduced]
History of Actions:
|1||02/21 (H) Referred To Ways and Means|
|2||02/27 (H) Died In Committee|
|Effective date||January 1, 2002|
|Vote type required||Three/Fifths|
Principal Author: McCoy
Code Sections: A 027-0007-0015, A 027-0007-0017
Title: AN ACT TO LEVY A 3% TAX UPON AMOUNTS THAT ARE PAID TO PATRONS BY GAMING ESTABLISHMENTS LOCATED IN THIS STATE THAT ARE NOT LICENSED UNDER THE PROVISIONS OF THE GAMING CONTROL ACT; TO PROVIDE THAT THE TAX SHALL BE COLLECTED BY THE GAMING ESTABLISHMENTS AND REMITTED TO THE STATE TAX COMMISSION; TO AMEND SECTION 27-7-15, MISSISSIPPI CODE OF 1972, TO EXCLUDE FROM THE DEFINITION OF "GROSS INCOME" AMOUNTS THAT ARE SUBJECT TO SUCH TAX; TO AMEND SECTION 27-7-17, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT INDIVIDUALS MAY NOT DEDUCT GAMING LOSSES FROM SUCH ESTABLISHMENTS OR THE AMOUNT OF THE TAXES COLLECTED PURSUANT TO THIS ACT; AND FOR RELATED PURPOSES.
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