Bill Text | History of Actions | Background | Title |
Description: Income taxation; revise net operating loss carryback and carry forward provisions (STC).
Bill Text: [Introduced] [Passed Senate] [Sent to Governor]
| 1 | 02/13 (S) Referred To Finance | |
| 2 | 02/19 (S) Title Suff Do Pass | |
| 3 | 02/26 (S) Passed | |
| 4 | 02/27 (S) Transmitted To House | |
| 5 | 02/28 (H) Referred To Ways and Means | |
| 6 | 03/14 (H) Title Suff Do Pass | |
| 7 | 03/18 (H) Passed | |
| 8 | 03/19 (H) Transmitted To Senate | |
| 9 | 03/20 (S) Enrolled Bill Signed | |
| 10 | 03/21 (H) Enrolled Bill Signed | |
| 11 | 03/27 Approved by Governor |
| Effective date | January 1, 2002 | |
| Disposition | Law | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths | |
| Chapter number | 477 |
Senate Committee:
House Committee:
Principal Author: Minor
Code Section: A 027-0007-0017
Title: AN ACT TO AMEND SECTION 27-7-17, MISSISSIPPI CODE OF 1972, 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/SB3114.htm