MS SB2858 | 2016 | Regular Session
Status
Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on May 13 2016 - 100% progression
Action: 2016-05-13 - Approved by Governor
Text: Latest bill text (Enrolled) [HTML]
Spectrum: Bipartisan Bill
Status: Passed on May 13 2016 - 100% progression
Action: 2016-05-13 - Approved by Governor
Text: Latest bill text (Enrolled) [HTML]
Summary
An Act To Create The Taxpayer Pay Raise Act Of 2016; To Amend Section 27-7-5, Mississippi Code Of 1972, To Phase Out, After Calendar Year 2023, Income Taxation On The First $5,000.00 Of Taxable Income; To Amend Section 27-7-18, Mississippi Code Of 1972, To Provide That A Portion Of The Federal Self-employment Taxes Assessed Against Self-employed Individuals Shall Be Allowed As An Adjustment To Gross Income Under The State Income Tax Law; To Amend Sections 27-13-5 And 27-13-7, Mississippi Code Of 1972, To Phase Out The Corporation Franchise Tax Effective January 1, 2028; To Repeal, Effective January 1, 2028, Sections 27-13-1 Through 27-13-67, Mississippi Code Of 1972, Which Are The Corporation Franchise Tax Law; And For Related Purposes.
Title
Taxpayer Pay Raise Act of 2016; phase out income taxation on first $5,000.00 of taxable income; phase out franchise tax.
Sponsors
Roll Calls
2016-04-18 - Senate - Senate Conference Report Adopted (Y: 36 N: 14 NV: 0 Abs: 0) [PASS]
2016-04-18 - House - House Conference Report Adopted (Y: 74 N: 43 NV: 4 Abs: 0) [PASS]
2016-04-05 - House - House Passed As Amended (Y: 76 N: 43 NV: 2 Abs: 0) [PASS]
2016-03-10 - Senate - Senate Passed (Y: 38 N: 10 NV: 1 Abs: 0) [PASS]
2016-04-18 - House - House Conference Report Adopted (Y: 74 N: 43 NV: 4 Abs: 0) [PASS]
2016-04-05 - House - House Passed As Amended (Y: 76 N: 43 NV: 2 Abs: 0) [PASS]
2016-03-10 - Senate - Senate Passed (Y: 38 N: 10 NV: 1 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2016-05-13 | Approved by Governor | |
2016-04-26 | House | Enrolled Bill Signed |
2016-04-26 | Senate | Enrolled Bill Signed |
2016-04-19 | House | Motion to Reconsider Tabled |
2016-04-19 | Senate | Motion to Reconsider Tabled |
2016-04-19 | Senate | Motion to Reconsider Entered |
2016-04-18 | Senate | Conference Report Adopted |
2016-04-18 | House | Motion to Reconsider Entered (Baria, Smith, Lamar) |
2016-04-18 | House | Conference Report Adopted |
2016-04-17 | Senate | Conference Report Filed |
2016-04-17 | House | Conference Report Filed |
2016-04-17 | Senate | Recommitted For Further Conf |
2016-04-17 | House | Recommitted For Further Conf |
2016-04-16 | Senate | Conference Report Filed |
2016-04-16 | House | Conference Report Filed |
2016-04-15 | House | Conferees Named Smith,Lamar,White |
2016-04-13 | Senate | Conferees Named Fillingane,Kirby,Polk |
2016-04-07 | Senate | Decline to Concur/Invite Conf |
2016-04-06 | House | Returned For Concurrence |
2016-04-05 | House | Passed As Amended |
2016-04-05 | House | Amended |
2016-04-04 | House | Read the Third Time |
2016-04-04 | House | Title Suff Do Pass As Amended |
2016-04-01 | House | Referred To Ways and Means |
2016-03-17 | Senate | Transmitted To House |
2016-03-17 | Senate | Motion to Reconsider Tabled |
2016-03-10 | Senate | Motion to Reconsider Entered |
2016-03-10 | Senate | Passed |
2016-03-09 | Senate | Title Suff Do Pass |
2016-03-08 | Senate | Referred To Finance |