MISSISSIPPI LEGISLATURE

1997 Regular Session

To: Ways and Means

By: Representative Moore

AN ACT TO PROVIDE AN INCOME TAX CREDIT FOR AN INDIVIDUAL TAXPAYER WHO PURCHASES A SMOKE DETECTOR OR SMOKE DETECTORS FOR INSTALLATION IN HIS PRIMARY RESIDENCE; TO PROVIDE AN INCOME TAX CREDIT FOR A TAXPAYER WHO CONSTRUCTS RESIDENTIAL OR COMMERCIAL BUILDINGS, AND PURCHASES SMOKE DETECTORS FOR INSTALLATION IN SUCH BUILDINGS; AND FOR RELATED PURPOSES. 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:

SECTION 1. (1) For any individual taxpayer who purchases a smoke detector or smoke detectors for installation in his residence, regardless of whether the taxpayer owns or rents such place of residence, a credit against the taxes imposed by this chapter shall be allowed in the amount provided in subsection (2) of this section. For the purposes of this section, "residence" includes any home, apartment building, condominium, mobile home, summer cottage and similar building, but does not include any hotel, motel, hospital, nursing or retirement home, tourist cottage or other commercial establishment.

(2) Any individual taxpayer shall be allowed a credit against the taxes imposed by this chapter in the amount equal to the purchase price of a smoke detector or smoke detectors purchased during a taxable year for installation in the taxpayer's residence. The credit provided in this section shall be limited to the taxable year for which the credit is claimed.

SECTION 2. (1) For any taxpayer who constructs residential or commercial buildings, a credit against the taxes imposed by this chapter shall be allowed in the amount provided in subsection (2) of this section.

(2) Any taxpayer shall be allowed a credit against the taxes imposed by this chapter in the amount equal to the purchase price of all smoke detectors purchased by the taxpayer during the taxable year for installation in buildings constructed by the taxpayer. The credit provided in this section shall be limited to the taxable year for which the credit is claimed.

SECTION 3. Sections 1 and 2 of this act shall be codified as separate code sections within Article 1, Chapter 27, Title 27, Mississippi Code of 1972.

SECTION 4. This act shall take effect and be in force from and after January 1, 1998.