Loading chat...
MS HB1428
Bill
Status
2/27/2013
Primary Sponsor
Bobby Moak
Click for details
AI Summary
-
Allows taxpayers to deduct higher education costs (tuition, fees, and other required costs) for themselves or dependents enrolled at public or private universities, colleges, community colleges, or junior colleges as an adjustment to gross income.
-
Married individuals filing jointly or combined returns may deduct up to $1,000 per year in qualified education expenses.
-
Single individuals may deduct up to $500 per year in qualified education expenses.
-
Amends Section 27-7-18 of the Mississippi Code of 1972 to add this new deduction provision.
-
Takes effect January 1, 2013.
Legislative Description
Income tax; authorize an adjustment to gross income for higher education tuition, fees and other costs.
Last Action
Died In Committee
2/27/2013