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MS HB1610

Bill

Official Source

Status

Failed

2/22/2017

Primary Sponsor

Bryant Clark

Click for details

Origin

House of Representatives

2017 Regular Session

AI Summary

  • Excludes overtime compensation required by the Fair Labor Standards Act of 1938 from the definition of "gross income" for Mississippi state income tax purposes.

  • Adds a new exclusion (ii) to Section 27-7-15(4) of the Mississippi Code to treat overtime pay as non-taxable income.

  • Effective January 1, 2017.

  • Does not affect tax claims, assessments, or actions for taxes accrued before the effective date.

Legislative Description

Income tax; exclude overtime compensation from gross income.

Last Action

Died In Committee

2/22/2017

Committee Referrals

Ways and Means2/15/2017

Full Bill Text

No bill text available