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MS HB1708
Bill
Status
Failed
3/16/2016
Primary Sponsor
Linda Coleman
Click for details
AI Summary
- Authorizes a corporation franchise tax credit for taxpayers who incur costs participating in the Mississippi Emergency Access Program (MEAP).
- Tax credit amount equals the lesser of $500 or the actual costs incurred during the taxable year for MEAP participation.
- Tax credit cannot exceed the taxpayer's total tax liability under the franchise tax chapter for that taxable year.
- Codifies the credit as a new section in Chapter 13, Title 27, Mississippi Code of 1972.
- Effective date is January 1, 2016.
Legislative Description
Corporation franchise 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 Means3/14/2016
Full Bill Text
No bill text available