Mississippi Senate Bill 2921

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on March 5 2024 - 100% progression
Action: 2024-03-05 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Amend Section 25-14-5, Mississippi Code Of 1972, To Allow The Mississippi Deferred Compensation Plan And Trust To Offer Roth Accounts And Other After-tax Contribution Vehicles; To Provide That A Participant's Roth Or Other Allowable After-tax Contribution Into A Deferred Compensation Account Shall Be Treated By The Employer As Includable In The Participant's Income At The Time The Participant Would Have Received That Amount In Compensation If The Participant Had Not Made A Deferred Election; To Provide That The Mississippi Deferred Compensation Plan And Trust Shall Comply With Any Qualified Domestic Relations Order Under The Internal Revenue Code Establishing The Right Of An Alternate Payee To All Or A Portion Of A Participant's Benefit Under The Plan; To Amend Section 25-14-15, Mississippi Code Of 1972, To Conform; And For Related Purposes.

MS Deferred Comp; allow Roth and other after-tax accounts, and comply with qualified domestic relations orders.

Sen. Josh Harkins [R]

Date	Chamber	Action
2024-03-05	Senate	Died In Committee
2024-02-19	Senate	Referred To Finance

Chapter	Article	Section	Citation Type	Statute Text
25	14	15	Amended Code	See Bill Text
25	14	5	Amended Code	See Bill Text

Type	Source
Summary	https://billstatus.ls.state.ms.us/2024/pdf/history/SB/SB2921.xml
Text	https://billstatus.ls.state.ms.us/documents/2024/html/SB/2900-2999/SB2921IN.htm