MS HB1529 | 2022 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 17 2022 - 100% progression
Action: 2022-03-17 - Approved by Governor
Text: Latest bill text (Enrolled) [HTML]

Summary

An Act To Amend Section 27-7-15, Mississippi Code Of 1972, To Revise The Definition Of The Term "gross Income" Under The State Income Tax Law To Exclude Amounts Received As Grants Under The Shuttered Venue Operators Grant Program And Restaurant Revitalization Fund Authorized By The Economic Aid To Hard-hit Small Businesses, Nonprofits, And Venues Act, And Amended By The Federal American Rescue Plan Act; To Exclude Amounts Received As Grants Under The Mississippi Agriculture Stabilization Act; To Amend Section 27-7-17, Mississippi Code Of 1972, To Authorize Income Tax Deductions For Otherwise Deductible Expenses That Were Allowed As Deductions Under Section 57-121-7; To Authorize Income Tax Deductions For Otherwise Deductible Expenses If Payment For Such Expenses Is Made With The Grant Or Loan Program Of The Shuttered Venue Operators Grant Program And Restaurant Revitalization Fund Authorized By The Economic Aid To Hard-hit Small Businesses, Nonprofits, And Venues Act, And Amended By The Federal American Rescue Plan Act Or The Mississippi Agriculture Stabilization Act; To Amend Section 57-121-7, Mississippi Code Of 1972, To Conform To The Provisions Of This Act; And For Related Purposes.

Tracking Information

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Title

Income tax; revise definition of gross income and authorize deduction for certain expenses.

Sponsors


Roll Calls

2022-03-10 - Senate - Senate Passed (Y: 52 N: 0 NV: 0 Abs: 0) [PASS]
2022-02-02 - House - House Passed (Y: 119 N: 2 NV: 1 Abs: 0) [PASS]

History

DateChamberAction
2022-03-17 Approved by Governor
2022-03-11SenateEnrolled Bill Signed
2022-03-11HouseEnrolled Bill Signed
2022-03-10SenateReturned For Enrolling
2022-03-10SenateImmediate Release
2022-03-10SenatePassed
2022-03-10SenateTitle Suff Do Pass
2022-02-17SenateReferred To Finance
2022-02-03HouseTransmitted To Senate
2022-02-02HousePassed
2022-02-01HouseTitle Suff Do Pass
2022-02-01HouseReferred To Ways and Means

Code Citations

ChapterArticleSectionCitation TypeStatute Text
27715Amended CodeSee Bill Text
27717Amended CodeSee Bill Text
571217Amended CodeSee Bill Text

Mississippi State Sources


Bill Comments

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