Description: Income tax; exclude active duty military compensation received by resident of state.
Bill Text: [Introduced]
History of Actions:
|1||02/15 (H) Referred To Ways and Means|
|2||02/21 (H) Died In Committee|
|Effective date||January 1, 2007|
|Vote type required||Three/Fifths|
Principal Author: Staples
Additional Authors: Robinson (84th), Baker (74th), Fleming, Formby, Hamilton (6th), Jennings, Lane, McBride, Montgomery, Moore, Moss, Rotenberry, Smith (59th), Snowden, Walley, Wells-Smith, Morgan
Code Section: A 027-0007-0015
Title: AN ACT TO AMEND SECTION 27-7-15, MISSISSIPPI CODE OF 1972, TO REVISE THE DEFINITION OF THE TERM "GROSS INCOME" FOR PURPOSES OF THE STATE INCOME TAX LAW TO EXCLUDE COMPENSATION RECEIVED BY A RESIDENT OF THIS STATE FOR AT LEAST FOUR YEARS FOR ACTIVE FEDERAL SERVICE AS A MEMBER OF THE ARMED FORCES OF THE UNITED STATES, THE MISSISSIPPI NATIONAL GUARD OR ANY RESERVE COMPONENT OF THE ARMED FORCES OF THE UNITED STATES; AND FOR RELATED PURPOSES.
End Of Document