Bill Text | History of Actions | Amendments | Background | Title |
Description: Income tax; no gain or loss recognized on exchange of property equal in value which is outside the state.
Bill Text: [Introduced] [Passed House] [Sent to Governor]
| 1 | 01/25 (H) Referred To Ways and Means | |
| 2 | 02/20 (H) Title Suff Do Pass | |
| 3 | 02/20 (H) Amended | |
| 4 | 02/20 (H) Passed As Amended {Vote} | |
| 5 | 02/20 (H) Motion to Reconsider Entered | |
| 6 | 02/22 (H) Reconsidered | |
| 7 | 02/22 (H) Amended | |
| 8 | 02/22 (H) Passed As Amended {Vote} | |
| 9 | 02/23 (H) Transmitted To Senate | |
| 10 | 02/26 (S) Referred To Finance | |
| 11 | 03/07 (S) Title Suff Do Pass As Amended | |
| 12 | 03/13 (S) Amended | |
| 13 | 03/13 (S) Passed As Amended {Vote} | |
| 14 | 03/14 (S) Returned For Concurrence | |
| 15 | 03/15 (H) Concurred in Amend From Senate {Vote} | |
| 16 | 03/21 (H) Enrolled Bill Signed | |
| 17 | 03/21 (S) Enrolled Bill Signed | |
| 18 | 03/27 Approved by Governor |
| Adopted | [H] | Amendment No 1 Voice Vote |
| Adopted | [H] | Amendment No 2 Voice Vote |
| Adopted | [S] | Committee Amendment No 1 Voice Vote |
| [S] | Amendment Report for House Bill No. 1585 |
| Effective date | January 1, 2007 | |
| Disposition | Law | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths | |
| Chapter number | 491 |
House Committee:
Senate Committee:
Principal Author: McBride
Additional Authors: Akins, Gadd, Reynolds
Code Section: A 027-0007-0009
Title: AN ACT TO AMEND SECTION 27-7-9, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT NO GAIN OR LOSS SHALL BE RECOGNIZED UNDER THE STATE INCOME TAX LAWS ON CERTAIN EXCHANGES OF PROPERTY IF NO GAIN OR LOSS IS RECOGNIZED WITH REGARD TO SUCH EXCHANGES UNDER THE INTERNAL REVENUE CODE AND THAT NO GAIN SHALL BE RECOGNIZED ON PROPERTY THAT IS COMPULSORILY OR INVOLUNTARILY CONVERTED IF NO GAIN IS RECOGNIZED WITH REGARD TO SUCH PROPERTY UNDER THE INTERNAL REVENUE CODE; TO CONFORM THE STATE INCOME TAX LAW WITH FEDERAL LAW REGARDING THE PERIOD FOR NONRECOGNITION OF GAIN ON THE REPLACEMENT OF DAMAGED PROPERTY IN THE HURRICANE KATRINA DISASTER AREA AS PROVIDED FOR IN THE KATRINA EMERGENCY TAX RELIEF ACT OF 2005; AND FOR RELATED PURPOSES.
End Of Document
2007/html/History/HB/HB1585.htm