Loading chat...

MS SB2428

Bill

Official Source

Status

Failed

3/14/2017

Primary Sponsor

Joey Fillingane

Click for details

Origin

Senate

2017 Regular Session

AI Summary

  • Amends Mississippi Code Section 27-7-15 to exclude from gross income under state income tax law any dividend income that has already been taxed as dividend income under the laws of another state.

  • Applies only to dividends that can be specifically identified in the possession of the recipient.

  • Modifies subsection (4)(i) to add language "or under the laws of another state of the United States" to the existing provision excluding previously-taxed dividends.

  • Effective 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 On Calendar

3/14/2017

Committee Referrals

Ways and Means2/23/2017
Finance1/16/2017

Full Bill Text

No bill text available