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MS HB1678
Bill
Status
Failed
3/16/2016
Primary Sponsor
David Baria
Click for details
AI Summary
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Creates a 25% state income tax credit for Mississippi grocers who purchase locally grown, raised, or produced agricultural, aquacultural, or horticultural products for retail sale for human consumption
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Credit amount cannot exceed the grocer's total state income tax liability for the taxable year
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Caps the total tax credits available to all grocers statewide at $1,000,000 per fiscal year
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Effective date of January 1, 2016
Legislative Description
Income tax; allow a credit to grocers for part of cost of purchasing locally grown or produced agricultural products.
Last Action
Died In Committee
3/16/2016
Committee Referrals
Ways and Means3/8/2016
Full Bill Text
No bill text available