Mississippi Legislature
2005 Regular Session

Senate Bill 2924

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Bill Text

History of Actions

Background

Title

Description: Gaming; revise payments that are deductible as expenses when calculating gross revenue.

Bill Text: [Introduced]

History of Actions:

1 01/17 (S) Referred To Finance
2 02/01 (S) Died In Committee

Background Information:

Effective datePassage
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredMajority

Senate Committee:

Principal Author: Robertson

Code Section: A 075-0076-0193

Title: AN ACT TO AMEND SECTION 75-76-193, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT IN CALCULATING GROSS REVENUE FROM ANY GAME UNDER THE MISSISSIPPI GAMING CONTROL ACT, PAYMENTS OF CASH OR TRANSFERS OF OTHER THINGS OF VALUE TO PATRONS BASED ON THE RESULT OF A GAME SHALL NOT BE DEDUCTED AS LOSSES PAID TO PATRONS WHERE THE ITEM USED OR RISKED BY THE PATRON TO PARTICIPATE IN THE GAME WOULD NOT BE CONSIDERED REVENUE TO A GAMING LICENSEE IF THE PATRON LOST THE GAME; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/01/05 at 18:21.

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2005/html/History/SB/SB2924.htm