MS HB1529 | 2022 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 17 2022 - 100% progression
Action: 2022-03-17 - Approved by Governor
Text: Latest bill text (Enrolled) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 17 2022 - 100% progression
Action: 2022-03-17 - Approved by Governor
Text: Latest bill text (Enrolled) [HTML]
Summary
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.
Title
Income tax; revise definition of gross income and authorize deduction for certain expenses.
Sponsors
| Rep. John Lamar [R] |
Roll Calls
2022-03-10 - Senate - Senate Passed (Y: 52 N: 0 NV: 0 Abs: 0) [PASS]
2022-02-02 - House - House Passed (Y: 119 N: 2 NV: 1 Abs: 0) [PASS]
2022-02-02 - House - House Passed (Y: 119 N: 2 NV: 1 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2022-03-17 | Approved by Governor | |
| 2022-03-11 | Senate | Enrolled Bill Signed |
| 2022-03-11 | House | Enrolled Bill Signed |
| 2022-03-10 | Senate | Returned For Enrolling |
| 2022-03-10 | Senate | Immediate Release |
| 2022-03-10 | Senate | Passed |
| 2022-03-10 | Senate | Title Suff Do Pass |
| 2022-02-17 | Senate | Referred To Finance |
| 2022-02-03 | House | Transmitted To Senate |
| 2022-02-02 | House | Passed |
| 2022-02-01 | House | Title Suff Do Pass |
| 2022-02-01 | House | Referred To Ways and Means |
Code Citations
| 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 |
