MS HB3 | 2018 | 1st Special Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 6-0)
Status: Failed on August 29 2018 - 100% progression
Action: 2018-08-29 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

Summary

An Act To Amend Section 27-7-5, Mississippi Code Of 1972, To Remove The Provisions That Decrease The Income Tax Rates For Calendar Years 2019 And Thereafter; To Amend Section 27-7-18, Mississippi Code Of 1972, To Remove The Provisions That Increase The Portion Of The Federal Self-employment Taxes Assessed Against Self-employed Individuals That May Be Allowed As An Adjustment To Gross Income Under The State Income Tax Law In Taxable Years Ending In 2019 And Thereafter; To Amend Sections 27-13-5 And 27-13-7, Mississippi Code Of 1972, To Remove The Provisions That Decrease The Franchise Tax Rate For Tax Years Beginning On Or After January 1, 2019; 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.

Tracking Information

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Title

Taxpayer Pay Raise Act; freeze decreases in income and franchise tax rates and freeze increase in federal employment tax deductions.

Sponsors


History

DateChamberAction
2018-08-29HouseDied In Committee
2018-08-24HouseReferred To Ways and Means

Mississippi State Sources


Bill Comments

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