Mississippi House Bill 1498 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on February 23 2022 - 100% progression
Action: 2022-02-23 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Amend Section 27-7-15, Mississippi Code Of 1972, To Revise The Definition Of The Term "gross Income" Under The State Income Tax Law To Exclude Amounts Received As Grants Under The Shuttered Venue Operators Grant Program And Restaurant Revitalization Fund Authorized By The Economic Aid To Hard-hit Small Businesses, Nonprofits, And Venues Act, And Amended By The Federal American Rescue Plan Act; To Exclude Amounts Received As Grants Under The Mississippi Agriculture Stabilization Act; To Amend Section 27-7-17, Mississippi Code Of 1972, To Authorize Income Tax Deductions For Otherwise Deductible Expenses That Were Allowed As Deductions Under Section 57-121-7; To Authorize Income Tax Deductions For Otherwise Deductible Expenses If Payment For Such Expenses Is Made With The Grant Or Loan Program Of The Shuttered Venue Operators Grant Program And Restaurant Revitalization Fund Authorized By The Economic Aid To Hard-hit Small Businesses, Nonprofits, And Venues Act, And Amended By The Federal American Rescue Plan Act Or The Mississippi Agriculture Stabilization Act; To Amend Section 57-121-7, Mississippi Code Of 1972, To Conform To The Provisions Of This Act; And For Related Purposes.

Income tax; revise definition of gross income and authorize deduction for certain expenses.

Rep. Jill Ford [R]

Date	Chamber	Action
2022-02-23	House	Died In Committee
2022-01-17	House	Referred To Ways and Means

Chapter	Article	Section	Citation Type	Statute Text
27	7	15	Amended Code	See Bill Text
27	7	17	Amended Code	See Bill Text
57	121	7	Amended Code	See Bill Text

Type	Source
Summary	https://billstatus.ls.state.ms.us/2022/pdf/history/HB/HB1498.xml
Text	https://billstatus.ls.state.ms.us/documents/2022/html/HB/1400-1499/HB1498IN.htm