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MS HB1607
Bill
Status
Failed
2/24/2010
Primary Sponsor
David Norquist
Click for details
AI Summary
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Amends Section 27-7-15 of the Mississippi Code to exclude qualified transportation fringe benefits from state gross income for tax purposes.
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Allows taxpayers to exclude amounts equal to what is permitted under Section 132 of the Internal Revenue Code for transportation benefits provided by employers.
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Applies to employer-provided transportation fringe benefits such as transit passes, vanpool services, and parking.
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Takes effect January 1, 2010.
Legislative Description
Income tax; exclude transportation fringe benefits from gross income as allowed under the Internal Revenue Code.
Last Action
Died In Committee
2/24/2010
Full Bill Text
No bill text available