Bill Text | History of Actions | Background | Title |
Description: Estate taxation; limit to the amount allowed under federal law as a credit.
Bill Text: [Introduced] [Committee Substitute] [Passed Senate] [Sent to Governor]
| 1 | 01/26/00 | (S) | Referred To Finance | |
| 2 | 03/21/00 | (S) | Title Suff Do Pass Comm Sub | |
| 3 | 03/24/00 | (S) | Committee Substitute Adopted | |
| 4 | 03/24/00 | (S) | Passed | |
| 5 | 03/28/00 | (S) | Transmitted To House | |
| 6 | 03/28/00 | (H) | Referred To Ways and Means | |
| 7 | 04/12/00 | (H) | Title Suff Do Pass | |
| 8 | 04/17/00 | (H) | Passed | |
| 9 | 04/17/00 | (H) | Motion to Reconsider Entered | |
| 10 | 04/18/00 | (H) | Motion to Reconsider Tabled | |
| 11 | 04/18/00 | (H) | Transmitted To Senate | |
| 12 | 04/20/00 | (S) | Enrolled Bill Signed | |
| 13 | 04/21/00 | (H) | Enrolled Bill Signed | |
| 14 | 04/27/00 | Approved by Governor |
| Effective date | Passage | |
| Disposition | Law | |
| Deadline | Revenue/Appropriation | |
| Revenue | Yes | |
| 3/5ths vote required | Yes | |
| Chapter number | 490 |
Senate Committee:
House Committee:
Principal Author: Bryan
Code Section: A 027-0009-0005
Title: AN ACT TO AMEND SECTION 27-9-5, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT FOR DECEDENTS DYING ON OR AFTER JANUARY 1, 2000, THE STATE ESTATE TAX SHALL BE AN AMOUNT EQUAL TO THE MAXIMUM AMOUNT OF STATE DEATH TAX CREDIT PERMISSIBLE AS A CREDIT OR DEDUCTION IN COMPUTING ANY FEDERAL ESTATE TAX PAYABLE BY THE ESTATE ACCORDING TO THE ACT OF CONGRESS IN EFFECT, ON THE DATE OF THE DEATH OF THE DECEDENT, TAXING SUCH ESTATE WITH RESPECT TO THE ITEMS SUBJECT TO TAXATION IN MISSISSIPPI; TO PROVIDE THAT THE AMOUNT OF SUCH TAX SHALL NOT EXCEED IN THE AGGREGATE AMOUNTS WHICH MAY BY ANY LAW OF THE UNITED STATES BE ALLOWED TO BE CREDITED AGAINST OR DEDUCTED FROM FEDERAL ESTATE TAX; AND FOR RELATED PURPOSES.
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2000/html/History/SB/SB2441.htm