Mississippi House Bill 133 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on February 23 2022 - 100% progression
Action: 2022-02-23 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Amend Section 27-7-9, Mississippi Code Of 1972, To Provide That To The Extent That Gain Is Not Recognized Or Is Deferred For The Sale Or Exchange Of Property Or For Investment In Qualified Opportunity Zone Property Through A Qualified Opportunity Fund Under Federal Law, There Shall Be No Gain Recognized Or Gain Shall Be Deferred For Such Sale Or Exchange Of Property Or Investment For The Purposes Of The State Income Tax Law, Provided That The Property Is In Or The Investment Is In Qualified Opportunity Zone Property In A Qualified Opportunity Zone Located In This State; To Provide That To The Extent That There Is An Increase In Basis For Such Property Or Investment Under Federal Law, There Shall Be An Increase In Basis For The Property Or Investment For The Purposes Of The State Income Tax Law; And For Related Purposes.

Income tax; revise certain provisions to address investment in federally designated qualified opportunity zones.

Rep. Orlando Paden [D]

Date	Chamber	Action
2022-02-23	House	Died In Committee
2022-01-04	House	Referred To Ways and Means

Chapter	Article	Section	Citation Type	Statute Text
27	7	9	Amended Code	See Bill Text

Type	Source
Summary	https://billstatus.ls.state.ms.us/2022/pdf/history/HB/HB0133.xml
Text	https://billstatus.ls.state.ms.us/documents/2022/html/HB/0100-0199/HB0133IN.htm