Mississippi Senate Bill 2342 (Prior Session Legislation)

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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 Remove The Provisions That Phase Out, Beginning January 1, 2019, Income Taxation On The First $5,000.00 Of Taxable Income; To Amend Section 27-7-18, Mississippi Code Of 1972, To Remove A Provision That Authorizes A Portion Of The Federal Self-employment Taxes Assessed Against Self-employed Individuals To Be Allowed As An Adjustment To Gross Income Under The State Income Tax Law; To Amend Sections 27-13-5 And 27-13-7, Mississippi Code Of 1972, To Remove The Provision That Phase Out, Beginning January 1, 2019, The Corporation Franchise Tax; To Repeal Section 5, Chapter 499, Laws Of 2016, Which Repeals The Corporation Franchise Law From And After January 1, 2028; And For Related Purposes.

Tax Payer Pay Raise Act; remove phase out of income & franchise tax & remove deduction of federal employment tax.

Sen. Derrick Simmons [D]

Date	Chamber	Action
2020-06-03	Senate	Died In Committee
2020-02-13	Senate	Referred To Finance

Type	Source
Summary	https://billstatus.ls.state.ms.us/2020/pdf/history/SB/SB2342.xml
Text	https://billstatus.ls.state.ms.us/documents/2020/html/SB/2300-2399/SB2342IN.htm