MS HB1607 | 2017 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on February 22 2017 - 100% progression
Action: 2017-02-22 - Died In Committee
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on February 22 2017 - 100% progression
Action: 2017-02-22 - Died In Committee
Text: Latest bill text (Introduced) [HTML]
Summary
An Act To Authorize Taxpayers To Establish First-time Home Buyer Savings Accounts; To Define Certain Terms; To Provide That The Amounts Contributed To A First-time Home Buyer Savings Account, Interest And Other Income Earned On An Account And Distributions From Such An Account That Are Used To Pay Eligible Costs Related To The Purchase Of A Single-family Residence Shall Be Excluded From The Gross Income Of The Account Holder Under The State Income Tax Law; To Amend Section 27-7-15, Mississippi Code Of 1972, In Conformity Thereto; And For Related Purposes.
Title
Income tax; authorize first-time home buyer savings account and exclude contributions/distributions from gross income.
Sponsors
| Rep. Mark Formby [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2017-02-22 | House | Died In Committee |
| 2017-02-15 | House | Referred To Ways and Means |
Mississippi State Sources
| Type | Source |
|---|---|
| Summary | https://billstatus.ls.state.ms.us/2017/pdf/history/HB/HB1607.xml |
| Text | https://billstatus.ls.state.ms.us/documents/2017/html/HB/1600-1699/HB1607IN.htm |
