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MS HB53
Bill
Status
Failed
2/25/2015
Primary Sponsor
David Baria
Click for details
AI Summary
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Creates a state income tax credit for Mississippi grocers equal to 25% of the cost of purchasing locally grown, raised, or produced agricultural, aquacultural, or horticultural products for retail sale for human consumption
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Products must be grown, raised, or produced in Mississippi to qualify for the credit
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Credit cannot exceed the grocer's total state income tax liability for the taxable year
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Effective date of January 1, 2015
Legislative Description
Income tax; allow credit to grocers for part of cost of purchasing locally grown or produced agricultural products.
Last Action
Died In Committee
2/25/2015
Committee Referrals
Ways and Means1/6/2015
Full Bill Text
No bill text available