House Bill NO. 345

By Representative(s) Chaney, Reeves, Stribling

AMEND by inserting the following language after line 48:

SECTION 2. A head of household filing an individual tax return shall be allowed, a credit, in the amount provided in this section, against the taxes imposed under this chapter. The amount of the credit shall not exceed Two Hundred Fifty Dollars ($250.00) per taxable year for sales tax paid during the taxable year on the purchase of unprepared food for human consumption or the amount of income tax due the State of Mississippi, whichever is less. The credit provided in this section shall be applied after the head of household has calculated the amount of income tax liability due under this chapter. For the purposes of this section the term "head of household" means a person providing a place of residence and provision for himself or herself and, if applicable, any dependent or dependents living at such residence.

AMEND FURTHER by renumbering succeeding sections.

AMEND FURTHER on line 49 by striking the language "Section 1" and inserting in lieu thereof "Sections 1 and 2"

AMEND FURTHER on lines 51 and 52 by striking the language "This act shall take effect and be in force from and after January 1, 1999." and inserting in lieu thereof the language "Section 1 of this act shall take effect and be in force from and after January 1, 1999, and Section 2 of this act shall take effect and be in force from and after January 1, 2000."

AMEND FURTHER the title to conform.