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MS HB347
Bill
Status
Failed
2/26/2014
Primary Sponsor
Bobby Moak
Click for details
AI Summary
- Adds a new deduction to Mississippi state income tax for tuition, fees, and other required costs paid for higher education at public or private universities, colleges, or community/junior colleges
- Allows married couples filing jointly to deduct up to $1,000 per year for education costs for themselves and/or dependents
- Allows single individuals to deduct up to $500 per year for education costs for themselves and/or dependents
- Takes effect January 1, 2014
- Does not affect tax claims, assessments, or appeals for taxes accrued before the effective date
Legislative Description
Income tax; authorize an adjustment to gross income for higher education tuition, fees and other costs.
Last Action
Died In Committee
2/26/2014
Committee Referrals
Ways and Means1/20/2014
Full Bill Text
No bill text available