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MS HB1336
Bill
Status
1/31/2017
Primary Sponsor
Chris Brown
Click for details
AI Summary
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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.
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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.
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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.
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Applies to taxable years beginning on or after January 1, 2017.
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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