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MS HB85

Bill

Official Source

Status

Failed

3/28/2012

Primary Sponsor

Bobby Moak

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Adds a new fuel cost adjustment to gross income under Mississippi income tax law for tax years 2012, 2013, and 2014.

  • Allows married individuals filing jointly a deduction of $1,000 per year for fuel costs.

  • Allows single individuals a deduction of $500 per year for fuel costs.

  • Takes effect January 1, 2012.

Legislative Description

Income tax; authorize fuel cost adjustment to gross income.

Last Action

Died In Committee

3/28/2012

Full Bill Text

No bill text available