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MS HB845

Bill

Official Source

Status

Failed

2/21/2018

Primary Sponsor

David Baria

Click for details

Origin

House of Representatives

2018 Regular Session

AI Summary

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

  • Limits the credit to each grocer's total state income tax liability for the taxable year.

  • Caps the total cumulative tax credits claimed by all eligible taxpayers in any one state fiscal year at $1,000,000.

  • Becomes effective January 1, 2018.

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

2/21/2018

Committee Referrals

Ways and Means1/11/2018

Full Bill Text

No bill text available