Description: Income tax; increase amount of National Guard and Reserve Forces compensation excluded from gross income.
Bill Text: [Introduced]
History of Actions:
|1||02/02 (H) Referred To Ways and Means|
|2||02/23 (H) Died In Committee|
|Effective date||January 1, 2005|
|Vote type required||Three/Fifths|
Principal Author: Franks
Additional Authors: Eaton, Bailey, Baker (8th), Barnett, Beckett, Blackmon, Bondurant, Broomfield, Brown, Buck, Burnett, Calhoun, Capps, Carlton, Coleman (29th), Cummings, Davis, Dedeaux, Denny, Ellis, Fleming, Fredericks, Gadd, Green, Gunn, Hamilton (6th), Hines, Holland, Holloway, Huddleston, Hudson, Jennings, Johnson, Markham, Mayhall, Miles, Moak, Montgomery, Moss, Patterson, Pierce, Reeves, Reynolds, Rogers (14th), Rogers (61st), Rotenberry, Smith (39th), Stevens, Straughter, Stringer, Sullivan, Upshaw, Vince, Ward, Warren, Watson, Weathersby, Whittington, Woods, Zuber, Akins, Staples, Turner
Code Section: A 027-0007-0015
Title: AN ACT TO AMEND SECTION 27-7-15, MISSISSIPPI CODE OF 1972, TO INCREASE FROM $5,000.00 TO $15,000.00, THE AMOUNT OF COMPENSATION RECEIVED BY A MEMBER OF THE NATIONAL GUARD OR RESERVE FORCES OF THE UNITED STATES AS PAYMENT FOR INACTIVE DUTY TRAINING, ACTIVE DUTY TRAINING AND STATE ACTIVE DUTY, THAT IS EXCLUDED FROM THE MEANING OF "GROSS INCOME" FOR PURPOSES OF THE STATE INCOME TAX LAW; AND FOR RELATED PURPOSES.
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