Description: Income tax; authorize an adjustment to gross income for portion of self-employment taxes paid by self-employed individuals.
Bill Text: [Introduced]
History of Actions:
|1||01/10 (H) Referred To Ways and Means|
|2||02/22 (H) Died In Committee|
|Effective date||January 1, 2006|
|Vote type required||Three/Fifths|
Principal Author: Formby
Code Section: A 027-0007-0018
Title: AN ACT TO AMEND SECTION 27-7-18, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A PORTION OF THE FEDERAL SELF-EMPLOYMENT TAXES ASSESSED AGAINST SELF-EMPLOYED INDIVIDUALS SHALL BE ALLOWED AS AN ADJUSTMENT TO GROSS INCOME UNDER THE STATE INCOME TAX LAW; AND FOR RELATED PURPOSES.
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