Description: Income tax; no gain or loss recognized on exchange of property equal in value which is outside the state.
Bill Text: [Introduced]
History of Actions:
|1||01/24 (S) Referred To Finance|
|2||02/21 (S) Died In Committee|
|Effective date||January 1, 2007|
|Vote type required||Three/Fifths|
Principal Author: Tollison
Code Section: A 027-0007-0009
Title: AN ACT TO AMEND SECTION 27-7-9, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT NO GAIN OR LOSS SHALL BE RECOGNIZED UNDER THE STATE INCOME TAX LAWS BY TAXPAYERS EXCHANGING PROPERTY WITH PROPERTY OF EQUAL VALUE SITUATED OUTSIDE THE STATE; AND FOR RELATED PURPOSES.
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