Mississippi House Bill 1559 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on March 28 2012 - 100% progression
Action: 2012-03-28 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Provide An Income Tax Credit For Employers That Make Payments To Employees To Assist In The Payment Of Homeowners Insurance Covering The Principal Residence Of An Employee In Certain Counties; To Limit The Amount Of The Credit That May Be Claimed In A Taxable Year; To Provide That Any Unused Portion Of The Credit May Be Carried Forward For The Succeeding Five Tax Years; To Provide That Any Payment That Is Applied Toward The Credit Authorized In This Act May Not Be Used As A Deduction By The Employer For State Income Tax Purposes; To Amend Section 27-7-15, Mississippi Code Of 1972, To Exclude From Gross Income Amounts Received By An Individual From An Employer For The Purpose Of Assisting The Individual In The Payment Of Homeowners Insurance Covering The Principal Residence Of The Employee In Certain Counties And For Which Amounts A Tax Credit Is Authorized Under This Act; And For Related Purposes.

Income Tax; authorize a credit for employers that provide assistance to employees for insurance on principal residence in certain counties.

Rep. Jessica Upshaw [R]

Date	Chamber	Action
2012-03-28		Died In Committee
2012-03-16		Referred To Ways and Means;Insurance

Type	Source
Summary	https://billstatus.ls.state.ms.us/2012/pdf/history/HB/HB1559.xml
Text	https://billstatus.ls.state.ms.us/documents/2012/html/HB/1500-1599/HB1559IN.htm