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MS HB1609

Bill

Official Source

Status

Failed

2/22/2017

Primary Sponsor

David Baria

Click for details

Origin

House of Representatives

2017 Regular Session

AI Summary

  • Allows a state income tax credit to grocers located in Mississippi equal to 25% of the cost of purchasing locally grown, raised, or produced agricultural, aquacultural, or horticultural products for retail sale for human consumption.

  • Credits cannot exceed the grocer's total state income tax liability for the taxable year.

  • Aggregate tax credits claimed by all participating taxpayers in any state fiscal year are capped at $1,000,000.

  • Effective January 1, 2017.

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

2/22/2017

Committee Referrals

Ways and Means2/15/2017

Full Bill Text

No bill text available