Bill Text | History of Actions | Background | Title |
Description: Income taxation; provide deduction in gross income for volunteer fire fighters and volunteer law enforcement officers.
Bill Text: [Introduced]
| 1 | 01/15 (S) Referred To Finance | |
| 2 | 02/27 (S) Died In Committee |
| Effective date | July 1, 2002 | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
Senate Committee:
Principal Author: Carmichael
Code Section: A 027-0007-0018
Title: AN ACT TO AUTHORIZE COUNTIES AND MUNICIPALITIES TO ESTABLISH A SYSTEM WHEREBY CERTAIN MEMBERS OF VOLUNTEER FIRE DEPARTMENTS AND VOLUNTEER RESERVE LAW ENFORCEMENT OFFICERS WHO SERVE WITHIN THEIR JURISDICTION MAY BE CREDITED POINTS FOR CERTAIN VOLUNTEER ACTIVITIES; TO PROVIDE THAT SUCH POINTS MAY BE USED TO OBTAIN A DEDUCTION IN THEIR GROSS INCOME FOR INCOME TAX PURPOSES; TO REQUIRE COUNTIES AND MUNICIPALITIES THAT ESTABLISH SUCH A PROGRAM TO MAINTAIN CERTAIN RECORDS AND PROVIDE CERTAIN INFORMATION TO THE STATE TAX COMMISSION AND ELIGIBLE VOLUNTEERS; TO MAKE IT A CRIME TO KNOWINGLY MAKE A FALSE STATEMENT OR REPORT IN ORDER TO RECEIVE POINTS UNDER THE PROGRAM; TO AMEND SECTION 27-7-18, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT VOLUNTEERS WHO HAVE BEEN CREDITED POINTS UNDER THE PROGRAM PROVIDED FOR IN THIS ACT SHALL BE ALLOWED A DEDUCTION FROM GROSS INCOME EQUAL TO $1,000.00 FOR EVERY 50 POINTS A VOLUNTEER IS CREDITED IN A TAXABLE YEAR NOT TO EXCEED $5,000.00 PER TAXABLE YEAR; TO PROVIDE THAT NO MORE THAN 75 POINTS MAY BE EARNED IN ANY ONE CATEGORY FOR WHICH POINTS MAY BE AWARDED; AND FOR RELATED PURPOSES.
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2002/html/History/SB/SB2365.htm