History of Actions | Background | Title |
Description: Income tax; provide credit to individual nonbusiness taxpayers for portion of income taxes imposed.
| 1 | 02/03/99 | (H) | Referred To Ways and Means | |
| 2 | 02/24/99 | (H) | Died In Committee |
| Effective date | July 1, 1999 | |
| Disposition | Dead | |
| Deadline | Revenue/Appropriation | |
| Revenue | Yes | |
| 3/5ths vote required | Yes |
House Committee:
Principal Author: Moore
Additional Authors: Cameron, Chaney, Davis, Denny, Eaton, Ellington, Formby, Howell, Hudson, Ishee, Janus, Jennings, Johnson, Ketchings, King, Markham, Martinson, Miles, Montgomery, Roberson, Robertson, Rogers, Smith (59th), Stribling, Weathersby, Wells-Smith, Williams
Title: AN ACT TO CREATE A NEW CODE SECTION TO BE CODIFIED AS SECTION 27-7-6, MISSISSIPPI CODE OF 1972, TO PROVIDE AN INCOME TAX CREDIT TO INDIVIDUAL NONBUSINESS TAXPAYERS; TO PROVIDE THAT THE AMOUNT OF SUCH CREDIT SHALL BE TEN PERCENT OF THE INCOME TAX IMPOSED ON THE TAXPAYER FOR THE TAXABLE YEAR REDUCED BY THE SUM OF ALL OTHER CREDITS ALLOWABLE TO SUCH TAXPAYER UNDER THE STATE INCOME TAX LAWS; AND FOR RELATED PURPOSES.
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1999\html\History/HB\HB1547.htm