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MS SB2174
Bill
AI Summary
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Amends Mississippi Code Section 27-7-15 to exclude qualified transportation fringe benefits from state gross income for tax purposes.
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Allows employees to exclude transportation fringe benefits in the same amount permitted under Section 132 of the Internal Revenue Code for federal tax purposes.
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Adds new paragraph (gg) to the list of income items exempt from Mississippi state taxation.
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Effective January 1, 2011.
Legislative Description
Income taxes; exclude transportation fringe benefits from gross income as allowed under the Internal Revenue Code.
Last Action
Died In Committee
3/15/2011
Full Bill Text
No bill text available