Mississippi Legislature

1997 Regular Session

House Bill 898

[Introduced] [Passed House] [Sent to Governor]

Instructions Bill Status Menu





History of Actions

Background

Title

Description: Income tax; delete repealer on law providing income tax credit for ad valorem taxes paid on products, goods and merchandise held for resale.

History of Actions:

101/09/97(H)Referred To Ways and Means
201/30/97(H)Title Suff Do Pass
302/11/97(H)Passed
402/13/97(H)Transmitted To Senate
502/14/97(S)Referred To Finance
603/04/97(S)Title Suff Do Pass
703/06/97(S)Passed
803/07/97(S)Transmitted To House
903/10/97(H)Enrolled Bill Signed
1003/12/97(S)Enrolled Bill Signed
1103/12/97Due From Governor 03/18/97
1203/18/97Approved by Governor

Background Information:

Effective dateJuly 1, 1997
DispositionLaw
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
3/5ths vote requiredYes
Chapter number372

House Committee:

Senate Committee:

Principal Author: Williams

Code Section: A 027-0007-0022.5

Title: AN ACT TO AMEND SECTION 27-7-22.5, MISSISSIPPI CODE OF 1972, TO DELETE THE REPEALER ON THE INCOME TAX CREDIT FOR MANUFACTURERS, DISTRIBUTORS AND WHOLESALE OR RETAIL MERCHANTS FOR A CERTAIN AMOUNT OF AD VALOREM TAXES PAID ON COMMODITIES, PRODUCTS, GOODS, WARES AND MERCHANDISE HELD FOR RESALE; TO PROVIDE THAT SUCH TAX CREDIT SHALL CONTINUE TO APPLY FOR TAX YEARS AFTER THE 1997 TAXABLE YEAR; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 03/19/97 at 08:19.



End Of Document

1997/History/HB\HB0898.htm