Bill Text: MS HB354 | 2011 | Regular Session | Introduced
Bill Title: Income tax; authorize an adjustment to gross income for employers that hire certain unemployed persons.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Failed) 2011-02-23 - Died In Committee [HB354 Detail]
Download: Mississippi-2011-HB354-Introduced.html
MISSISSIPPI LEGISLATURE
2011 Regular Session
To: Ways and Means
By: Representative Moss
House Bill 354
AN ACT TO AMEND SECTION 27-7-18, MISSISSIPPI CODE OF 1972, TO AUTHORIZE AN ADJUSTMENT TO GROSS INCOME UNDER THE STATE INCOME TAX LAW FOR TAXPAYERS THAT EMPLOY PERSONS WHO WERE UNEMPLOYED AND HAD BEEN UNEMPLOYED FOR AT LEAST SIX MONTHS IMMEDIATELY PRECEDING THE EMPLOYMENT; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. Section 27-7-18, Mississippi Code of 1972, is amended as follows:
27-7-18. (1) Alimony payments. In the case of a person described in Section 27-7-15(2)(e), there shall be allowed as a deduction from gross income amounts paid as periodic payments to the extent of such amounts as are includible in the gross income of the spouse as provided in Section 27-7-15(2)(e), payment of which is made within the person's taxable year.
(2) Unreimbursed moving expenses incurred after December 31, 1994, are deductible as an adjustment to gross income in accordance with provisions of the United States Internal Revenue Code, and rules, regulations and revenue procedures thereunder relating to moving expenses, not in direct conflict with the provisions of the Mississippi Income Tax Law.
(3) Amounts paid after December 31, 1998, by a self-employed individual for insurance which constitute medical care for the taxpayer, his spouse and dependents, are deductible as an adjustment to gross income in accordance with provisions of the United States Internal Revenue Code, and rules, regulations and revenue procedures thereunder relating to such payments, not in direct conflict with the provisions of the Mississippi Income Tax Law.
(4) Contributions or payments to a Mississippi Affordable College Savings (MACS) Program account are deductible from gross income as provided in Section 37-155-113. Payments made under a prepaid tuition contract entered into under the Mississippi Prepaid Affordable College Tuition Program are deductible as provided in Section 37-155-17.
(5) (a) Unreimbursed travel expenses, lodging expenses and lost wages an individual incurred as a result of, and related to, the donation, while living, of one or more of his or her organs for human organ transplantation, are deductible from gross income. The deduction from gross income authorized by this subsection may be claimed for only once and may not exceed Ten Thousand Dollars ($10,000.00).
(b) As used in this subsection, "organ" means all or part of a liver, pancreas, kidney, intestine, lung or bone marrow.
(6) This subsection shall be known as the "Mississippi Reemployment Act of 2011." There shall be allowed as a deduction from gross income an amount not to exceed Two Thousand Dollars ($2,000.00) for each person employed by a taxpayer during the taxable year if (a) the person was unemployed before such employment and had been unemployed for at least six (6) months immediately preceding the employment, (b) the taxpayer employs the person for at least six (6) consecutive months during the taxable year, and (c) the person works an average of at least thirty (30) hours per week for the taxpayer during that time. The Mississippi Department of Employment Security shall verify the unemployment status of a person for the purposes of this section. This subsection shall be repealed on January 1, 2014.
SECTION 2. This act shall take effect and be in force from and after January 1, 2011.
