MS HB1748 | 2020 | Regular Session
Status
Completed Legislative Action
Sponsorship: Partisan Bill (Republican 3)
Status: Passed on June 30 2020 - 100% progression
Action: 2020-06-30 - Approved by Governor
Text: Latest bill text (Enrolled) [HTML]
Sponsorship: Partisan Bill (Republican 3)
Status: Passed on June 30 2020 - 100% progression
Action: 2020-06-30 - 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 Loans, Advances And/or Grants Under The Federal Coronavirus Aid, Relief, And Economic Security (cares) Act; To Exclude Any And All Cancelled Indebtedness Provided For Under The Cares Act; To Exclude Amounts Received As Payments Under Section 4 Of Senate Bill No. 2772, 2020 Regular Session; To Exclude Amounts Received As Grants Under The 2020 Covid-19 Mississippi Business Assistance Act; To Amend Section 11, Senate Bill No. 2772, 2020 Regular Session, To Provide That There Shall Not Be Allowed A Deduction For Otherwise Deductible Payments Paid With Funds Received Under The Paycheck Protection Program (ppp) Established By The Cares Act, But Only To The Extent Those Payments Are Not Allowed As Deductions For Federal Income Tax Purposes; And For Related Purposes.
Title
Income tax; revise definition of gross income.
Sponsors
| Rep. John Lamar [R] | Rep. Scott Bounds [R] | Rep. Greg Haney [R] |
Roll Calls
2020-06-19 - House - House Concurred in Amend From Senate (Y: 118 N: 0 NV: 2 Abs: 0) [PASS]
2020-06-17 - Senate - Senate Passed As Amended (Y: 52 N: 0 NV: 0 Abs: 0) [PASS]
2020-06-02 - House - House Passed (Y: 117 N: 1 NV: 2 Abs: 0) [PASS]
2020-06-17 - Senate - Senate Passed As Amended (Y: 52 N: 0 NV: 0 Abs: 0) [PASS]
2020-06-02 - House - House Passed (Y: 117 N: 1 NV: 2 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2020-06-30 | Approved by Governor | |
| 2020-06-24 | Senate | Enrolled Bill Signed |
| 2020-06-23 | House | Enrolled Bill Signed |
| 2020-06-19 | House | Concurred in Amend From Senate |
| 2020-06-18 | Senate | Returned For Concurrence |
| 2020-06-17 | Senate | Passed As Amended |
| 2020-06-17 | Senate | Amended |
| 2020-06-16 | Senate | Title Suff Do Pass As Amended |
| 2020-06-04 | Senate | Referred To Finance |
| 2020-06-03 | House | Transmitted To Senate |
| 2020-06-02 | House | Passed |
| 2020-06-02 | House | Title Suff Do Pass |
| 2020-06-02 | House | Referred To Ways and Means |
