Bill Text | History of Actions | Amendments | Background | Title |
Description: Income tax; place 3% tax on gaming winnings paid by unlicensed gaming establishment to be collected by the gaming establishment (STC).
Bill Text: [Introduced] [Committee Substitute] [Passed Senate] [Sent to Governor]
| 1 | 02/13 (S) Referred To Finance | |
| 2 | 02/21 (S) Title Suff Do Pass Comm Sub | |
| 3 | 02/26 (S) Committee Substitute Adopted | |
| 4 | 02/26 (S) Passed | |
| 5 | 02/27 (S) Transmitted To House | |
| 6 | 02/28 (H) Referred To Ways and Means | |
| 7 | 03/14 (H) Title Suff Do Pass As Amended | |
| 8 | 03/18 (H) Point of Order Raised | |
| 9 | 03/18 (H) Set Aside-Pend Ruling of Chair | |
| 10 | 03/19 (H) Amended | |
| 11 | 03/19 (H) Passed As Amended | |
| 12 | 03/20 (H) Returned For Concurrence | |
| 13 | 03/21 (S) Concurred in Amend From House | |
| 14 | 03/25 (S) Enrolled Bill Signed | |
| 15 | 03/26 (H) Enrolled Bill Signed | |
| 16 | 04/01 Approved by Governor |
| Adopted | [H] | Amendment No 1 |
| Not Germane | [H] | Amendment No 1 to Amendment No 1 |
| Effective date | January 1, 2002 | |
| Disposition | Law | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths | |
| Chapter number | 516 |
Senate Committee:
House Committee:
Principal Author: Minor
Code Sections: A 027-0007-0015, A 027-0007-0017
Title: AN ACT TO LEVY A 3% TAX UPON AMOUNTS THAT ARE PAID TO PATRONS BY GAMING ESTABLISHMENTS LOCATED IN THIS STATE THAT ARE NOT LICENSED UNDER THE PROVISIONS OF THE MISSISSIPPI GAMING CONTROL ACT; TO PROVIDE THAT THE TAX SHALL BE COLLECTED BY THE GAMING ESTABLISHMENTS AND REMITTED TO THE STATE TAX COMMISSION; TO AMEND SECTION 27-7-15, MISSISSIPPI CODE OF 1972, TO EXCLUDE FROM THE DEFINITION OF "GROSS INCOME" AMOUNTS THAT ARE SUBJECT TO SUCH TAX; TO AMEND SECTION 27-7-17, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT INDIVIDUALS MAY NOT DEDUCT GAMING LOSSES PAID BY SUCH ESTABLISHMENTS OR THE AMOUNT OF THE TAXES COLLECTED PURSUANT TO THIS ACT; TO PROVIDE THAT NET OPERATING LOSSES FOR ANY TAXABLE YEAR ENDING AFTER DECEMBER 31, 2001, SHALL BE A NET OPERATING LOSS CARRYBACK FOR EACH OF THE TWO TAXABLE YEARS PRECEDING THE LOSS; TO PROVIDE THAT IF THE NET OPERATING LOSS FOR ANY TAXABLE YEAR IS NOT EXHAUSTED BY CARRYBACKS TO SUCH PRECEDING YEARS, THEN THERE SHALL BE A NET OPERATING LOSS CARRYOVER TO EACH OF THE TWENTY TAXABLE YEARS FOLLOWING THE TAXABLE YEAR OF THE LOSS; AND FOR RELATED PURPOSES.
End Of Document
2002/html/History/SB/SB3113.htm