MISSISSIPPI LEGISLATURE
2015 Regular Session
To: Ways and Means
By: Representative Lamar
AN ACT TO CREATE NEW SECTION 27-7-22.38, MISSISSIPPI CODE OF 1972, TO AUTHORIZE A STATE INCOME TAX CREDIT TO VENISON PROCESSERS FOR A PERCENTAGE OF THE PRODUCTION COST OF PROCESSING VENISON DONATED BY HUNTERS FOR THE MISSISSIPPI HUNTER'S HARVEST PROGRAM OF THE MISSISSIPPI WILDLIFE FEDERATION FOR WHICH THE PROCESSER HAS NOT BEEN PAID OR OTHERWISE RECEIVED REIMBURSEMENT; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. The following shall be codified as Section 27-7-22.38, Mississippi Code of 1972:
27-7-22.38. A credit is allowed against the tax imposed by this chapter to a processer of venison located in this state in the amount of fifty percent (50%) of the production cost of processing venison donated by hunters for the Mississippi Hunter's Harvest Program of the Mississippi Wildlife Federation for which the processer has not been paid or otherwise received reimbursement. The credit allowed by this section shall not exceed the total state income tax liability of the processer for the taxable year.
SECTION 2. This act shall take effect and be in force from and after January 1, 2015.