Mississippi House Bill 1691 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on April 14 2022 - 100% progression
Action: 2022-04-14 - Approved by Governor
Text: Latest bill text (Enrolled) [HTML]

An Act To Allow Partnerships, S Corporations Or Similar Pass-through Entities To Elect To Be Taxed As An Electing Pass-through Entity For State Income Tax Purposes And Pay Income Tax At The Entity Level; To Provide The Manner By Which A Partnership, S Corporation Or Similar Pass-through Entity May Elect To Be Taxed As An Electing Pass-through Entity; To Provide That Each Owner, Member, Partner Or Shareholder Of An Electing Pass-through Entity Shall Report His Or Her Pro Rata Or Distributive Share Of The Income Of The Electing Pass-through Entity But Shall Not Be Liable For Income Tax Imposed On Such Pro Rata Or Distributive Share; To Provide That Each Owner, Member, Partner Or Shareholder Of An Electing Pass-through Entity Shall Be Allowed A Credit Against Income Taxes In An Amount Equal To His Or Her Pro Rata Or Distributive Share Of Income Tax Paid By The Electing Pass-through Entity With Respect To The Corresponding Taxable Year; To Amend Sections 27-7-25 And 27-8-7, Mississippi Code Of 1972, To Conform To The Provisions Of This Act; And For Related Purposes.

Income tax; revise certain provisions relating pass-through entities.

Rep. Charles Busby [R]

2022-03-28 - House - House Conference Report Adopted (Y: 120 N: 1 NV: 1 Abs: 0) [PASS]
2022-03-27 - Senate - Senate Conference Report Adopted (Y: 52 N: 0 NV: 0 Abs: 0) [PASS]
2022-03-15 - Senate - Senate Passed As Amended (Y: 51 N: 0 NV: 1 Abs: 0) [PASS]
2022-02-23 - House - House Passed (Y: 116 N: 0 NV: 6 Abs: 0) [PASS]

Date	Chamber	Action
2022-04-14		Approved by Governor
2022-03-30	Senate	Enrolled Bill Signed
2022-03-30	House	Enrolled Bill Signed
2022-03-28	House	Conference Report Adopted
2022-03-27	Senate	Conference Report Adopted
2022-03-26	Senate	Conference Report Filed
2022-03-26	House	Conference Report Filed
2022-03-24	Senate	Conferees Named Harkins,Sparks,Fillingane
2022-03-22	House	Conferees Named Lamar,Steverson,Massengill
2022-03-17	House	Decline to Concur/Invite Conf
2022-03-16	Senate	Returned For Concurrence
2022-03-15	Senate	Passed As Amended
2022-03-15	Senate	Amended
2022-03-14	Senate	Title Suff Do Pass As Amended
2022-02-25	Senate	Referred To Finance
2022-02-24	House	Transmitted To Senate
2022-02-23	House	Passed
2022-02-23	House	Committee Substitute Adopted
2022-02-22	House	Title Suff Do Pass Comm Sub
2022-02-22	House	Referred To Ways and Means

Chapter	Article	Section	Citation Type	Statute Text
27	7	25	Amended Code	See Bill Text
27	8	7	Amended Code	See Bill Text

Type	Source
Summary	https://billstatus.ls.state.ms.us/2022/pdf/history/HB/HB1691.xml
Text	https://billstatus.ls.state.ms.us/documents/2022/html/HB/1600-1699/HB1691IN.htm
Text	https://billstatus.ls.state.ms.us/documents/2022/html/HB/1600-1699/HB1691CS.htm
Text	https://billstatus.ls.state.ms.us/documents/2022/html/HB/1600-1699/HB1691PS.htm
Text	https://billstatus.ls.state.ms.us/documents/2022/html/HB/1600-1699/HB1691SG.htm
Amendment	https://billstatus.ls.state.ms.us/documents/2022/html/sam/HB1691_S_Cmte_Amend_01.htm
Roll Call	https://billstatus.ls.state.ms.us/2022/pdf/votes/house/0510005.pdf
Roll Call	https://billstatus.ls.state.ms.us/2022/pdf/votes/senate/0710083.pdf
Roll Call	https://billstatus.ls.state.ms.us/2022/pdf/votes/senate/0830013.pdf
Roll Call	https://billstatus.ls.state.ms.us/2022/pdf/votes/house/0840023.pdf