2020
Regular Session
Income tax; revise certain provisions to address investment in federally designated qualified opportunity zones.
AN ACT TO AMEND SECTION 27-7-9, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT TO THE EXTENT THAT GAIN IS NOT RECOGNIZED OR IS DEFERRED FOR THE SALE OR EXCHANGE OF PROPERTY OR FOR INVESTMENT IN QUALIFIED OPPORTUNITY ZONE PROPERTY THROUGH A QUALIFIED OPPORTUNITY FUND UNDER FEDERAL LAW, THERE SHALL BE NO GAIN RECOGNIZED OR GAIN SHALL BE DEFERRED FOR SUCH SALE OR EXCHANGE OF PROPERTY OR INVESTMENT FOR THE PURPOSES OF THE STATE INCOME TAX LAW, PROVIDED THAT THE PROPERTY IS IN OR THE INVESTMENT IS IN QUALIFIED OPPORTUNITY ZONE PROPERTY IN A QUALIFIED OPPORTUNITY ZONE LOCATED IN THIS STATE; TO PROVIDE THAT TO THE EXTENT THAT THERE IS AN INCREASE IN BASIS FOR SUCH PROPERTY OR INVESTMENT UNDER FEDERAL LAW, THERE SHALL BE AN INCREASE IN BASIS FOR THE PROPERTY OR INVESTMENT FOR THE PURPOSES OF THE STATE INCOME TAX LAW; AND FOR RELATED PURPOSES.
11/13/20 at 03:17
H
B
1489
House Bill 1489
HB 1489
H
Dead
Revenue
Yes
Three/Fifths
January 1, 2020
Ways and Means
T
../../House_cmtes/WM.xml
Paden
../../House_authors/Paden.xml
Hines
../../House_authors/Hines.xml
Straughter
../../House_authors/Straughter.xml
Williams-Barnes
../../House_authors/Williams-Barnes.xml
A
../../code_sections/027/00070009.xml
1
02/17 (H) Referred To Ways and Means
2
06/03 (H) Died In Committee
../../../../documents/2020/pdf/HB/1400-1499/HB1489IN.pdf
../../../../documents/2020/html/HB/1400-1499/HB1489IN.htm
../../../../documents/2020/pdf/HB/1400-1499/HB1489IN.pdf
../../../../documents/2020/html/HB/1400-1499/HB1489IN.htm
N
../../../../documents/2020/pdf/fiscalnotes/HB1489.pdf