Mississippi House Bill 543 (Prior Session Legislation)

---

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on June 3 2020 - 100% progression
Action: 2020-06-03 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Amend Section 27-7-5, Mississippi Code Of 1972, To Provide That Net Income Of Nonresidents Derived From Property, Activity And Other Sources Within Mississippi Is Subject To The State Income Tax; To Amend Section 27-7-23, Mississippi Code Of 1972, To Revise The Definition Of The Term "doing Business" For Purposes Of The State Income Tax Law; To Amend Section 27-7-17, Mississippi Code Of 1972, To Define The Term "valid Business Purpose" Under The State Income Tax Law For Purposes Of Restrictions On The Deduction Of Certain Intangible Expenses And Interest Incurred In Connection With Transactions With Related Members And To Revise Certain Provisions Regarding The Deduction; And For Related Purposes.

Income tax; revise provisions regarding net income of nonresidents, certain definitions and certain business deductions.

Rep. Jarvis Dortch [D]

Date	Chamber	Action
2020-06-03	House	Died In Committee
2020-02-05	House	Referred To Ways and Means

Type	Source
Summary	https://billstatus.ls.state.ms.us/2020/pdf/history/HB/HB0543.xml
Text	https://billstatus.ls.state.ms.us/documents/2020/html/HB/0500-0599/HB0543IN.htm