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MS SB2374

Bill

Official Source

Status

Failed

2/25/2015

Primary Sponsor

Joey Fillingane

Click for details

Origin

Senate

2015 Regular Session

AI Summary

  • Amends Section 27-7-18 of the Mississippi Code to allow self-employed individuals to deduct one-half of federal self-employment taxes paid as an adjustment to gross income.

  • The deduction applies to self-employment taxes imposed on the individual for the taxable year.

  • Effective January 1, 2015.

Legislative Description

Income tax; authorize an adjustment to gross income for portion of self-employment taxes paid by self-employed individuals.

Last Action

Died In Committee

2/25/2015

Committee Referrals

Finance1/19/2015

Full Bill Text

No bill text available