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MS HB346

Bill

Official Source

Status

Failed

2/26/2014

Primary Sponsor

Bobby Moak

Click for details

Origin

House of Representatives

2014 Regular Session

AI Summary

  • Amends Section 27-7-18 of Mississippi Code to add a fuel cost deduction as an adjustment to gross income for tax years 2014, 2015, and 2016.

  • Allows married individuals filing joint or combined returns a $1,000 fuel cost deduction.

  • Allows single individuals a $500 fuel cost deduction.

  • Effective January 1, 2014, and does not affect any tax claims, assessments, or appeals accrued before the effective date.

Legislative Description

Income tax; authorize fuel cost adjustment to gross income.

Last Action

Died In Committee

2/26/2014

Committee Referrals

Ways and Means1/20/2014

Full Bill Text

No bill text available