MS SB2229

Amends Mississippi Code Section 27-7-21 to expand the definition of "dependent" for income tax deduction purposes to include certain relatives aged 65 or older.

A relative qualifies as a dependent if they are 65 years or older, reside in the taxpayer's household, have gross annual income of $12,000 or less, and otherwise meet the requirements of Section 152 of the Internal Revenue Code.

Allows taxpayers to claim an additional $1,500 personal exemption for each such qualifying relative dependent.

Effective January 1, 2010.