Bill Text: MS HB775 | 2010 | Regular Session | Introduced
Bill Title: Income tax; authorize adjustment to gross income for physician providing services for which no compensation is received.
Sponsorship: Partisan Bill (Republican 1)
Status: (Failed) 2010-02-24 - Died In Committee [HB775 Detail]
Download: Mississippi-2010-HB775-Introduced.html
MISSISSIPPI LEGISLATURE
2010 Regular Session
To: Ways and Means
By: Representative Mayhall
House Bill 775
AN ACT TO AMEND SECTION 27-7-18, MISSISSIPPI CODE OF 1972, TO AUTHORIZE AN ADJUSTMENT TO GROSS INCOME UNDER THE STATE INCOME TAX LAW FOR A TAXPAYER WHO IS A LICENSED PHYSICIAN AND PROVIDES ANY MEDICAL SERVICE OR TREATMENT FOR WHICH THE TAXPAYER RECEIVES NO COMPENSATION; TO PROVIDE THAT THE AMOUNT OF THE ADJUSTMENT TO GROSS INCOME WILL BE EQUAL TO THE AMOUNT OF PAYMENT THE TAXPAYER WOULD HAVE RECEIVED IF PAYMENT FOR THE SERVICE OR TREATMENT WERE MADE UNDER THE STATE PLAN FOR MEDICAL ASSISTANCE UNDER MEDICAID; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. Section 27-7-18, Mississippi Code of 1972, is amended as follows:
27-7-18. (1) Alimony payments. In the case of a person described in Section 27-7-15(2)(e), there shall be allowed as a deduction from gross income amounts paid as periodic payments to the extent of such amounts as are includible in the gross income of the spouse as provided in Section 27-7-15(2)(e), payment of which is made within the person's taxable year.
(2) Unreimbursed moving expenses incurred after December 31, 1994, are deductible as an adjustment to gross income in accordance with provisions of the United States Internal Revenue Code, and rules, regulations and revenue procedures thereunder relating to moving expenses, not in direct conflict with the provisions of the Mississippi Income Tax Law.
(3) Amounts paid after December 31, 1998, by a self-employed individual for insurance which constitute medical care for the taxpayer, his spouse and dependents, are deductible as an adjustment to gross income in accordance with provisions of the United States Internal Revenue Code, and rules, regulations and revenue procedures thereunder relating to such payments, not in direct conflict with the provisions of the Mississippi Income Tax Law.
(4) Contributions or payments to a Mississippi Affordable College Savings (MACS) Program account are deductible from gross income as provided in Section 37-155-113. Payments made under a prepaid tuition contract entered into under the Mississippi Prepaid Affordable College Tuition Program are deductible as provided in Section 37-155-17.
(5) (a) Unreimbursed travel expenses, lodging expenses and lost wages an individual incurred as a result of, and related to, the donation, while living, of one or more of his or her organs for human organ transplantation, are deductible from gross income. The deduction from gross income authorized by this subsection may be claimed for only once and may not exceed Ten Thousand Dollars ($10,000.00).
(b) As used in this subsection, "organ" means all or part of a liver, pancreas, kidney, intestine, lung or bone marrow.
(6) A taxpayer who is a licensed physician and provides any medical service or treatment for which the taxpayer receives no compensation from any source may deduct as an adjustment to gross income an amount equal to the amount of payment the taxpayer would have received if payment for the service or treatment had been made under the state plan for medical assistance under Medicaid (Title XIX of the Social Security Act).
SECTION 2. Nothing in this act shall affect or defeat any claim, assessment, appeal, suit, right or cause of action for taxes due or accrued under the income tax laws before the date on which this act becomes effective, whether such claims, assessments, appeals, suits or actions have been begun before the date on which this act becomes effective or are begun thereafter; and the provisions of the income tax laws are expressly continued in full force, effect and operation for the purpose of the assessment, collection and enrollment of liens for any taxes due or accrued and the execution of any warrant under such laws before the date on which this act becomes effective, and for the imposition of any penalties, forfeitures or claims for failure to comply with such laws.
SECTION 3. This act shall take effect and be in force from and after January 1, 2010.
