Mississippi Senate Bill 3031

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Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 1)
Status: Failed on February 25 2026 - 100% progression
Action: 2026-02-25 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Amend Section 27-7-5, Mississippi Code Of 1972, To Suspend The Reduction Of The Tax On All Taxable Income Of Individuals In Excess Of $10,000.00 Until An Independent Actuary Hired By The Public Employees' Retirement System Of Mississippi Issues A Written Determination That The Unfunded Actuarial Accrued Liability Of The System Is Less Than 20%; To State The Intent Of The Legislature To Consider, Before The Income Tax Rate Decreases To 3%, Whether The Rate Will Be Further Decreased Below 3%; To Repeal Section 27-7-5.1, Mississippi Code Of 1972, Which Provides For The Further Reduction Of The Tax On All Taxable Income Of Individuals In Excess Of $10,000.00 Under Certain Fiscal Conditions; And For Related Purposes.

Income tax; suspend reductions until PERS is funded at 80%.

Sen. David Blount [D]

Date	Chamber	Action
2026-02-25	Senate	Died In Committee
2026-02-10	Senate	Referred To Finance

Chapter	Article	Section	Citation Type	Statute Text
27	7	5	Amended Code	See Bill Text

Type	Source
Summary	https://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB3031.xml
Text	https://billstatus.ls.state.ms.us/documents/2026/html/SB/3000-3099/SB3031IN.htm