MS HB175

Amends Section 27-7-15 of the Mississippi Code to exclude national service educational awards from gross income for state income tax purposes.

Excludes amounts received by individuals as national service educational awards from the National Service Trust under 42 USCS 12601-12604 for service in an approved national service position, to the extent included in federal income tax.

Applies to the extent such amounts are included in income for federal income tax purposes, aligning Mississippi tax treatment with federal treatment.

Effective January 1, 2010, with no impact on tax claims, assessments, or actions arising before the effective date.