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MS SB2836

Bill

Official Source

Status

Failed

3/16/2016

Primary Sponsor

Joey Fillingane

Click for details

Origin

Senate

2016 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 federal self-employment taxes imposed on self-employed individuals for the taxable year.

  • Takes effect on January 1, 2016.

Legislative Description

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

Last Action

Died In Committee

3/16/2016

Committee Referrals

Finance2/29/2016

Full Bill Text

No bill text available