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MS HB1098
Bill
Status
2/5/2013
Primary Sponsor
Scott DeLano
Click for details
AI Summary
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Allows Mississippi resident individual income taxpayers to designate any portion of their tax refund for contribution to the Mississippi Disaster Housing Fund by marking a checkbox on their tax return.
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Permits joint filers to independently designate portions of their refund, with suggested contribution options of $1, $5, $10, or a custom amount.
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Requires the Department of Revenue to include an explanation in tax form instructions describing the purposes for which contributions will be used.
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Directs the Department of Revenue to annually calculate total designated contributions plus interest and report to the State Treasurer for deposit into the Mississippi Disaster Housing Fund.
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Applies to taxable years beginning on or after January 1, 2013, and takes effect upon passage.
Legislative Description
Income tax refund; provide checkoff on individual tax form to allow contribution to Mississippi Disaster Housing Fund.
Last Action
Died In Committee
2/5/2013