MS SB2741 | 2018 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on February 21 2018 - 100% progression
Action: 2018-02-21 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

Summary

An Act To Amend Section 27-7-22.5, Mississippi Code Of 1972, To Clarify That The Income Tax Credit For Ad Valorem Taxes Paid On Certain Inventory Shall Be The Amount Of Such Ad Valorem Taxes Paid; To Provide That The Amount Of The Tax Credit Used In A Taxable Year Shall Not Exceed The Amount Of Income Taxes Due The State Of Mississippi Attributable To The Location Where The Inventory Is Found; And For Related Purposes.

Tracking Information

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Title

Income tax; revise credit for ad valorem tax paid on inventory.

Sponsors


History

DateChamberAction
2018-02-21SenateDied In Committee
2018-01-15SenateReferred To Finance

Mississippi State Sources


Bill Comments

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