History of Actions | Background | Title |
Description: Income tax; revise certain provisions regarding gains and losses and business deductions.
| 1 | 01/05/99 | (S) | Referred To Finance | |
| 2 | 02/24/99 | (S) | Died In Committee |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | Revenue/Appropriation | |
| Revenue | Yes | |
| 3/5ths vote required | Yes |
Senate Committee:
Principal Author: Nunnelee
Code Sections: A 027-0007-0009, A 027-0007-0017
Title: AN ACT TO AMEND SECTION 27-7-9, MISSISSIPPI CODE OF 1972, TO DELETE THE REQUIREMENT THAT CERTAIN TRANSACTIONS ENTERED INTO BY CORPORATIONS BE ADJUSTED OR ELIMINATED FOR INCOME TAX PURPOSES; TO AMEND SECTION 27-7-17, MISSISSIPPI CODE OF 1972, TO REVISE CERTAIN PROVISIONS REGARDING THE TREATMENT OF CERTAIN INTEREST EXPENSE AS A BUSINESS DEDUCTION; AND FOR RELATED PURPOSES.
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