MS HB1134 | 2015 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 4-0)
Status: Passed on April 20 2015 - 100% progression
Action: 2015-04-20 - Approved by Governor
Text: Latest bill text (Enrolled) [HTML]
Spectrum: Partisan Bill (Republican 4-0)
Status: Passed on April 20 2015 - 100% progression
Action: 2015-04-20 - Approved by Governor
Text: Latest bill text (Enrolled) [HTML]
Summary
An Act To Authorize Taxpayers To Establish Catastrophe Savings Accounts To Pay The Amount Of Insurance Policy Deductibles And Other Uninsured Portions Of Risks Of Loss To The Taxpayer's Legal Residence From A Hurricane, Flood, Windstorm Or Other Catastrophic Event; To Provide That The Amounts Contributed To A Catastrophe Savings Account, Interest Income Earned On A Catastrophe Savings Account, And Distributions From A Catastrophe Savings Account That Are Used To Pay Qualified Catastrophe Expenses Shall Be Excluded From The Taxable Gross Income Of The Account Holder; To Provide That Any State Income Tax Paid That Is Attributable To A Taxable Distribution From A Catastrophe Savings Account Shall Be Increased By Two And One-half Percent Of The Amount Of The Distribution That Is Includable In The Taxable Gross Income Of The Taxpayer; To Amend Sections 27-7-15 And 85-3-1, Mississippi Code Of 1972, In Conformity Thereto; And For Related Purposes.
Title
Income tax; authorize establishment of Catastrophe savings accounts and exempt contributions and distributions from tax.
Sponsors
Roll Calls
2015-03-29 - House - House Conference Report Adopted (Y: 120 N: 0 NV: 1 Abs: 0) [PASS]
2015-03-29 - Senate - Senate Conference Report Adopted (Y: 52 N: 0 NV: 0 Abs: 0) [PASS]
2015-03-17 - Senate - Senate Passed As Amended (Y: 51 N: 0 NV: 1 Abs: 0) [PASS]
2015-02-24 - House - House Passed (Y: 121 N: 0 NV: 1 Abs: 0) [PASS]
2015-03-29 - Senate - Senate Conference Report Adopted (Y: 52 N: 0 NV: 0 Abs: 0) [PASS]
2015-03-17 - Senate - Senate Passed As Amended (Y: 51 N: 0 NV: 1 Abs: 0) [PASS]
2015-02-24 - House - House Passed (Y: 121 N: 0 NV: 1 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2015-04-20 | Approved by Governor | |
2015-04-06 | House | Enrolled Bill Signed |
2015-04-06 | Senate | Enrolled Bill Signed |
2015-03-29 | House | Conference Report Adopted |
2015-03-29 | Senate | Conference Report Adopted |
2015-03-28 | House | Conference Report Filed |
2015-03-28 | Senate | Conference Report Filed |
2015-03-27 | Senate | Conferees Named Fillingane,Ward,Wiggins |
2015-03-23 | House | Conferees Named Smith (39th),Rogers (61st),White |
2015-03-18 | House | Decline to Concur/Invite Conf |
2015-03-18 | Senate | Returned For Concurrence |
2015-03-17 | Senate | Passed As Amended |
2015-03-17 | Senate | Amended |
2015-03-16 | Senate | Title Suff Do Pass As Amended |
2015-02-26 | Senate | Referred To Finance |
2015-02-25 | House | Transmitted To Senate |
2015-02-24 | House | Passed |
2015-02-24 | House | Committee Substitute Adopted |
2015-02-17 | House | Title Suff Do Pass Comm Sub |
2015-01-19 | House | Referred To Ways and Means |