MS SB2928 | 2012 | Regular Session
Status
Completed Legislative Action
Sponsorship: Partisan Bill (Republican 1)
Status: Failed on March 28 2012 - 100% progression
Action: 2012-03-28 - Died In Committee
Text: Latest bill text (Introduced) [HTML]
Sponsorship: Partisan Bill (Republican 1)
Status: Failed on March 28 2012 - 100% progression
Action: 2012-03-28 - Died In Committee
Text: Latest bill text (Introduced) [HTML]
Summary
An Act To Amend Section 27-7-9, Mississippi Code Of 1972, To Provide That, With Respect To A Corporation That Is Making Certain Distributions To A Stockholder, No Gain Shall Be Recognized From Such Distribution Provided The Distribution Is A Part Of A Transaction That Qualifies For Tax-free Treatment Under The Provisions Of Section 355 Of The Internal Revenue Code; To Provide That Additionally, With Respect To A Distributing Corporation, No Gain Shall Be Recognized From Such A Distribution Provided The Distribution Is Pursuant To An Overall Plan To Facilitate An Ultimate Distribution That Qualifies For Tax-free Treatment Under The Provisions Of Section 355 Of The Federal Internal Revenue Code; And For Related Purposes.
Title
Income tax; certain corporate distributions tax free if they are part of a transaction that qualifies under Section 355, Internal Rev. Code.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2012-03-28 | Died In Committee | |
| 2012-02-29 | Referred To Finance |
Mississippi State Sources
| Type | Source |
|---|---|
| Summary | https://billstatus.ls.state.ms.us/2012/pdf/history/SB/SB2928.xml |
| Text | https://billstatus.ls.state.ms.us/documents/2012/html/SB/2900-2999/SB2928IN.htm |
