MS SB3010

Excludes from Mississippi state gross income amounts paid by agricultural disaster programs to agricultural producers, cattle farmers, and cattle ranchers who suffer losses from disasters or emergencies.

Applies to nine specified USDA programs including Livestock Forage Disaster Program, Livestock Indemnity Program, Emergency Assistance for Livestock programs, Noninsured Crop Disaster Assistance Program, and Livestock Risk Protection Insurance Program.

Amends Section 27-7-15 of the Mississippi Code of 1972 by adding paragraph (kk) to the list of income items excluded from gross income for tax purposes.

Effective January 1, 2018.