Bill Text: MS HB1189 | 2012 | Regular Session | Introduced
Bill Title: Taxation; create task force to study portions of state income tax laws.
Sponsorship: Partisan Bill (Republican 1)
Status: (Failed) 2012-03-06 - Died In Committee [HB1189 Detail]
Download: Mississippi-2012-HB1189-Introduced.html
MISSISSIPPI LEGISLATURE
2012 Regular Session
To: S.C. Accountblty/Efficiency/Transparency; Ways and Means
By: Representative Upshaw
House Bill 1189
AN ACT TO CREATE A TASK FORCE TO STUDY PORTIONS OF THE INCOME TAX LAWS OF THIS STATE AND TO MAKE RECOMMENDATIONS THEREON TO THE LEGISLATURE; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. (1) There is created a task force to study the portions of the income tax laws of Mississippi. The task force shall make a report of its findings and recommendations to the Legislature during the 2013 Regular Legislative Session, including any recommended legislation.
(2) The task force shall be composed of the following twenty-five (25) members:
(a) Ten (10) members appointed by the Speaker of the Mississippi House of Representatives as follows:
(i) The Speaker Pro Tempore of the House;
(ii) The Chairman of the House Ways and Means Committee;
(iii) The Chairman of the House Appropriations Committee;
(iv) Two (2) certified public accountants from a list of twenty (20) certified public accountants submitted by the Mississippi State Board of Public Accountancy;
(v) A representative of the Mississippi Economic Council;
(vi) A representative of the Taxation Section of The Mississippi Bar;
(vii) A representative of one (1) of the state institutions of higher learning; and
(viii) Two (2) representatives of the general public;
(b) Ten (10) members appointed by the Lieutenant Governor of the State of Mississippi as follows:
(i) The President Pro Tempore of the Senate;
(ii) The Chairman of the Senate Finance Committee;
(iii) The Chairman of the Senate Appropriations Committee;
(iv) Two (2) certified public accountants from a list of twenty (20) certified public accountants submitted by the Mississippi State Board of Public Accountancy;
(v) A representative of the Mississippi Manufacturers Association;
(vi) A representative of the Taxation Section of The Mississippi Bar;
(vii) A representative of one (1) of the state institutions of higher learning; and
(viii) Two (2) representatives of the general public; and
(c) Five (5) members appointed by the Governor of the State of Mississippi as follows:
(i) The Commissioner of Revenue;
(ii) The Executive Director of the Mississippi Development Authority;
(iii) A representative of one (1) of the state institutions of higher learning; and
(iv) Two (2) representatives of the general public.
(3) Appointments shall be made within thirty (30) days after the sine die adjournment of the 2012 Regular Session, and, within fifteen (15) days thereafter on a day to be designated jointly by the Speaker of the House and the Lieutenant Governor, the committee shall meet and organize by selecting from its membership a chair and a vice chair. The vice chair shall also serve as secretary and shall be responsible for keeping all records of the committee. A majority of the members of the committee shall constitute a quorum. In the selection of its officers and the adoption of rules, resolutions and reports, an affirmative vote of a majority of the committee shall be required. All members shall be notified in writing of all meetings, such notices to be mailed at least fifteen (15) days before the date on which a meeting is to be held.
(4) The task force shall study and make recommendations regarding the Mississippi income tax laws relating to the reporting of income by corporate taxpayers and the laws of states that provide for some form of unitary reporting of income by such taxpayers. The task force shall make recommendations regarding the sufficiency of income reporting methods used in Mississippi and whether the state should continue to use such methods or consider providing for the implementation of some form of a unitary income reporting system for corporate taxpayers. The task force also shall study and make recommendations relating to potential changes to the state franchise tax laws that may result if Mississippi were to implement some form of unitary income reporting system for corporate taxpayers.
(5) Members of the task force who are not legislators, state officials or state employees shall be compensated at the per diem rate authorized by Section 25-3-69 and shall be reimbursed in accordance with Section 25-3-41 for mileage and actual expenses incurred in the performance of their duties. Legislative members of the task force shall be paid from the contingent expense funds of their respective houses in the same manner as provided for committee meetings when the Legislature is not in session. However, no per diem or expense for attending meetings of the task force will be paid to legislative members of the task force while the Legislature is in session. No task force member may incur per diem, travel or other expenses unless previously authorized by vote, at a meeting of the task force, which action shall be recorded in the official minutes of the meeting. Nonlegislative members shall be paid from any funds made available to the task force for that purpose.
(6) The task force shall use clerical and legal staff already employed by the Legislature and any other staff assistance made available to it. To effectuate the purposes of this section, any department, division, board, bureau, commission or agency of the state or of any political subdivision thereof, at the request of the chair of the task force, shall provide to the task force the facilities, assistance and data as will enable the task force to properly carry out its tasks.
SECTION 2. This act shall take effect and be in force from and after its passage.
