Mississippi Legislature
2002 Regular Session

Senate Bill 3113

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Bill Text

History of Actions

Amendments

Background

Title

Description: Income tax; place 3% tax on gaming winnings paid by unlicensed gaming establishment to be collected by the gaming establishment (STC).

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

History of Actions:

1 02/13 (S) Referred To Finance
2 02/21 (S) Title Suff Do Pass Comm Sub
3 02/26 (S) Committee Substitute Adopted
4 02/26 (S) Passed
5 02/27 (S) Transmitted To House
6 02/28 (H) Referred To Ways and Means
7 03/14 (H) Title Suff Do Pass As Amended
8 03/18 (H) Point of Order Raised
9 03/18 (H) Set Aside-Pend Ruling of Chair
10 03/19 (H) Amended
11 03/19 (H) Passed As Amended
12 03/20 (H) Returned For Concurrence
13 03/21 (S) Concurred in Amend From House
14 03/25 (S) Enrolled Bill Signed
15 03/26 (H) Enrolled Bill Signed
16 04/01 Approved by Governor

Amendments:

Adopted [H] Amendment No 1
Not Germane [H] Amendment No 1 to Amendment No 1

Background Information:

Effective dateJanuary 1, 2002
DispositionLaw
DeadlineRevenue
RevenueYes
Vote type requiredThree/Fifths
Chapter number516

Senate Committee:

House Committee:

Principal Author: Minor

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 MISSISSIPPI 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 PAID BY SUCH ESTABLISHMENTS OR THE AMOUNT OF THE TAXES COLLECTED PURSUANT TO THIS ACT; 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 04/01/02 at 00:01.

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2002/html/History/SB/SB3113.htm