Bill Text: MS SB2270 | 2012 | Regular Session | Introduced
Bill Title: Income tax; provide a deduction in gross income for expenses incurred as result of serving as a volunteer firefighter.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2012-03-28 - Died In Committee [SB2270 Detail]
Download: Mississippi-2012-SB2270-Introduced.html
MISSISSIPPI LEGISLATURE
2012 Regular Session
To: Finance; Insurance
By: Senator(s) McDaniel
Senate Bill 2270
AN ACT TO AMEND SECTION 27-7-18, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT VOLUNTEER FIREFIGHTERS SHALL BE ALLOWED A DEDUCTION FROM GROSS INCOME IN AN AMOUNT NOT TO EXCEED $250.00 FOR EXPENSES THEY NECESSARILY INCUR AS A DIRECT RESULT OF THEIR SERVICE AS VOLUNTEER FIREFIGHTERS; 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) (a) A volunteer firefighter shall be allowed as a deduction from gross income an amount not to exceed Two Hundred Fifty Dollars ($250.00) for expenses he or she necessarily incurs as a direct result of his or her service as a volunteer firefighter.
(b) As used in this subsection, "volunteer firefighter" means a member of a volunteer fire department who:
(i) Serves without compensation except for nominal compensation or meals;
(ii) Has been an active member of a volunteer fire department for two (2) years; and
(iii) Has completed any required certification.
SECTION 2. This act shall take effect and be in force from and after January 1, 2012.
