Loading chat...

MS HB1521

Bill

Official Source

Status

Failed

3/28/2012

Primary Sponsor

Jeffrey Smith

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Amends Mississippi Code Section 27-7-15 to exclude qualified transportation fringe benefits from state income tax gross income.

  • Excludes only the amount allowed to be excluded from federal gross income under Internal Revenue Code Section 132.

  • Applies to transportation fringe benefits provided by an employer to the taxpayer.

  • Effective January 1, 2012.

Legislative Description

Income tax; exclude transportation fringe benefits from gross income as allowed under the Internal Revenue Code.

Last Action

Died In Committee

3/28/2012

Full Bill Text

No bill text available