MS SB2397

Excludes wages earned by full-time students from gross income for Mississippi income tax purposes.

Defines "full-time student" as a taxpayer enrolled in at least 12 semester hours or equivalent coursework at a university, college, or community/junior college.

Defines "wages" as remuneration in cash or any other form for services performed by an employee for an employer.

Amends Section 27-7-15 of the Mississippi Code of 1972 to add this exclusion as paragraph (gg).

Effective January 1, 2011.