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MS HB1336

Bill

Status

Failed

1/31/2017

Primary Sponsor

Chris Brown

Click for details

Origin

House of Representatives

2017 Regular Session

AI Summary

  • Allows resident individual income taxpayers to designate a portion of their tax refund as a contribution to the State General Fund by marking a box on their Mississippi income tax return.

  • Taxpayers can choose to contribute $1, $5, $10, or any other specified amount from their refund, with each spouse on a joint return able to designate their own contribution amount.

  • Requires the Department of Revenue to print the contribution designation space on resident income tax forms and explain the fund's purposes in the tax form instructions.

  • Applies to taxable years beginning on or after January 1, 2017.

  • Directs the Department of Revenue to calculate annual total contributions and report the amount to the State Treasurer for deposit into the State General Fund.

Legislative Description

Income tax refund; provide check off on individual from to allow contribution to State General Fund.

Last Action

Died In Committee

1/31/2017

Committee Referrals

Revenue and Expenditure General Bills1/16/2017

Full Bill Text

No bill text available