History of Actions | Background | Title |
Description: Income tax; exempt insurance companies in order to simplify calculation of insurance premium tax liability (STC).
| 1 | 01/18/99 | (S) | Referred To Finance | |
| 2 | 02/24/99 | (S) | Died In Committee |
| Effective date | January 1, 1999 | |
| Disposition | Dead | |
| Deadline | Revenue/Appropriation | |
| Revenue | Yes | |
| 3/5ths vote required | Yes |
Senate Committee:
Principal Author: Bryan
Code Sections: A 027-0007-0029, A 027-0007-0023, A 027-0015-0115
Title: AN ACT TO AMEND SECTION 27-7-29, MISSISSIPPI CODE OF 1972, TO EXEMPT INSURANCE COMPANIES FROM INCOME TAX IN ORDER TO SIMPLIFY THE PROCEDURES USED BY THE STATE TAX COMMISSION WHEN CALCULATING THE INSURANCE PREMIUM TAX LIABILITY OF INSURANCE COMPANIES, WHICH ARE ALLOWED TO CREDIT THE NET AMOUNT OF INCOME TAX PAID FOR THE PRECEDING CALENDAR YEAR AGAINST INSURANCE PREMIUM TAX LIABILITY; TO AMEND SECTIONS 27-7-23 AND 27-15-115, MISSISSIPPI CODE OF 1972, TO CONFORM TO THE PROVISIONS OF THIS ACT; AND FOR RELATED PURPOSES.
End Of Document
1999\html\History/SB\SB2739.htm