Bill Text | History of Actions | Background | Title |
Description: Income tax; exempt state or national monetary awards given to educational professionals.
Bill Text: [Introduced]
| 1 | 02/17 (H) Referred To Ways and Means | |
| 2 | 02/22 (H) Title Suff Do Pass | |
| 3 | 02/22 (H) Read the Third Time | |
| 4 | 02/23 (H) Died On Calendar |
| Effective date | January 1, 2005 | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
House Committee:
Principal Author: Lott
Additional Author: Formby
Code Section: A 027-0007-0015
Title: AN ACT TO AMEND SECTION 27-7-15, MISSISSIPPI CODE OF 1972, TO REVISE THE DEFINITION OF THE TERM "GROSS INCOME" FOR PURPOSES OF THE STATE INCOME TAX LAW TO EXCLUDE COMPENSATION, NOT TO EXCEED THE AGGREGATE SUM OF $20,000.00 FOR ANY TAXABLE YEAR RECEIVED BY AN EDUCATION PROFESSIONAL AS A STATE OR NATIONAL MONETARY AWARD FOR EXEMPLARY OR OUTSTANDING SERVICE SHALL BE EXEMPT FROM GROSS INCOME; AND FOR RELATED PURPOSES.
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2005/html/History/HB/HB1693.htm