History of Actions | Background | Title |
Description: Income tax, corporation franchise tax; revise how certain businesses determine, exempt certain equipment sales from sales tax.
| 1 | 01/09/97 | (H) | Referred To Ways and Means | |
| 2 | 02/26/97 | (H) | Died In Committee |
| Effective date | July 1, 1997 | |
| Disposition | Dead | |
| Deadline | Revenue/Appropriation | |
| Revenue | Yes | |
| 3/5ths vote required | Yes |
House Committee:
Principal Author: Williams
Code Sections: A 027-0007-0023, A 027-0013-0013, A 027-0065-0101
Title: AN ACT TO AMEND SECTION 27-7-23, MISSISSIPPI CODE OF 1972, TO REVISE THE METHOD OF DETERMINING NET BUSINESS INCOME OF FOREIGN MANUFACTURERS WHO SELL PRINCIPALLY AT WHOLESALE PRICES; TO AMEND SECTION 27-13-13, MISSISSIPPI CODE OF 1972, TO REVISE THE METHOD BY WHICH CERTAIN MULTISTATE CORPORATIONS DETERMINE GROSS RECEIPTS FOR PURPOSES OF THE STATE CORPORATION FRANCHISE TAX; TO AMEND SECTION 27-65-101, MISSISSIPPI CODE OF 1972, TO PROVIDE AN INDUSTRIAL SALES TAX EXEMPTION FOR CERTAIN SALES ON OR AFTER JULY 1, 1998, OF ENVIRONMENTAL POLLUTION CONTROL EQUIPMENT, DEVICES, MACHINERY OR SYSTEMS; AND FOR RELATED PURPOSES.
End Of Document
1997/History/HB\HB0853.htm