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MS HB1614
Bill
Status
Failed
2/22/2017
Primary Sponsor
Jeffrey Smith
Click for details
AI Summary
- Amends Mississippi income tax law to exclude dividend income from gross income when that dividend has already been taxed by another U.S. state
- Previously, dividends were only excluded if they had already been taxed under Mississippi's own income tax provisions
- Requires that dividends be "specifically identified in the possession of the recipient" to qualify for the exclusion
- Effective date of January 1, 2017
Legislative Description
Income tax; exclude from gross income dividend income that has borne a tax under the laws of another state.
Last Action
Died In Committee
2/22/2017
Committee Referrals
Ways and Means2/15/2017
Full Bill Text
No bill text available