MISSISSIPPI LEGISLATURE

2018 Regular Session

To: Ways and Means

By: Representative Lamar

House Bill 953

AN ACT TO CREATE NEW SECTION 27-7-22.39, MISSISSIPPI CODE OF 1972, TO AUTHORIZE A STATE INCOME TAX CREDIT TO VENISON PROCESSORS FOR A PERCENTAGE OF THE PRODUCTION COST OF PROCESSING VENISON DONATED BY HUNTERS FOR THE MISSISSIPPI HUNTER'S HARVEST PROGRAM OF THE MISSISSIPPI WILDLIFE FEDERATION FOR WHICH THE PROCESSOR HAS NOT BEEN PAID OR OTHERWISE RECEIVED REIMBURSEMENT; AND FOR RELATED PURPOSES.

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

     SECTION 1.  The following shall be codified as Section 27-7-22.39, Mississippi Code of 1972:

     27-7-22.39.  A credit is allowed against the tax imposed by this chapter to a processor of venison located in this state in the amount of fifty percent (50%) of the production cost of processing venison donated by hunters for the Mississippi Hunter's Harvest Program of the Mississippi Wildlife Federation for which the processor has not been paid or otherwise received reimbursement.  The credit allowed by this section shall not exceed the total state income tax liability of the processor for the taxable year.

     SECTION 2.  This act shall take effect and be in force from and after January 1, 2018.