Bill Text | History of Actions | Background | Title |
Description: Income tax; remove provision that no gain is recognized from liquidation of certain assets of domestic corporations (STC).
Bill Text: [Introduced]
| 1 | 02/11 (H) Referred To Ways and Means | |
| 2 | 02/23 (H) Died In Committee |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
House Committee:
Principal Author: Watson
Code Section: A 027-0007-0009
Title: AN ACT TO AMEND SECTION 27-7-9, MISSISSIPPI CODE OF 1972, TO REMOVE THE PROVISION IN THE INCOME TAX LAW THAT PROVIDES NO GAIN SHALL BE RECOGNIZED FROM THE LIQUIDATION OF CERTAIN ASSETS OF DOMESTIC CORPORATIONS; AND FOR RELATED PURPOSES.
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2005/html/History/HB/HB1607.htm