MS SB2477 | 2023 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 31 2023 - 100% progression
Action: 2023-01-31 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

Summary

An Act To Create New Section 27-7-5.1, Mississippi Code Of 1972, To Establish The 2023 Mississippi Tax Rebate Fund In The State Treasury; To Provide That Up To $250,000,000.00, Less Administrative Costs, Shall Be Distributed By The Department Of Revenue To Pay Rebates To Taxpayers, Which Monies Are To Be Continuously Appropriated; To Provide That, After Filing A 2022 Mississippi Income Tax Return, Any Taxpayer Who Also Filed A 2021 Mississippi Income Tax Return Shall Receive A One-time, Nontaxable Income Tax Rebate Check In An Amount Approximately Equal To 7-1/2% Of The 2021 Income Tax Amount Due, If Any, Before The Application Of Any Tax Credits, Or $50.00 Per Taxpayer And Each Dependent, Whichever Is More; To Provide A $1,000.00 Rebate Cap Per Taxpayer; And For Related Purposes.

Tracking Information

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Title

2023 Mississippi Tax Rebate Fund; establish and provide for one-time income tax rebate from.

Sponsors


History

DateChamberAction
2023-01-31SenateDied In Committee
2023-01-16SenateReferred To Finance

Mississippi State Sources


Bill Comments

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