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MS HB1671

Bill

Official Source

Status

Failed

3/16/2016

Primary Sponsor

Linda Coleman

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • Allows taxpayers to claim an income tax credit for costs incurred participating in the Mississippi Emergency Access Program (MEAP)
  • Credit amount equals the lesser of $500 or actual costs incurred during the taxable year for MEAP participation
  • Credit cannot exceed the taxpayer's total tax liability for the year minus all other allowable credits (except tax payments already made)
  • Adds new section to Chapter 7, Title 27 of Mississippi Code of 1972
  • Effective January 1, 2016

Legislative Description

Income tax; authorize a credit for costs incurred by taxpayer for participation in Mississippi Emergency Access Program.

Last Action

Died In Committee

3/16/2016

Committee Referrals

Ways and Means3/8/2016

Full Bill Text

No bill text available