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MS HB543
Bill
Status
Failed
2/23/2011
Primary Sponsor
Stephen Holland
Click for details
AI Summary
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Adds a new deduction to Mississippi's income tax law allowing taxpayers to deduct actual costs paid for textbooks and school supplies for dependent students in legitimate home instruction programs.
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Limits the deduction to a maximum of $300 per student per taxable year.
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Applies to students enrolled in home instruction programs as defined in Section 37-13-91 of Mississippi Code.
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Effective January 1, 2011.
Legislative Description
Income tax; authorize adjustment to gross income for costs paid for textbooks and supplies for home schooled students.
Last Action
Died In Committee
2/23/2011
Full Bill Text
No bill text available