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MS HB537
Bill
Status
Failed
2/27/2019
Primary Sponsor
David Baria
Click for details
AI Summary
- Creates a 25% state income tax credit for grocers purchasing locally grown, raised, or produced agricultural, aquacultural, or horticultural products for retail sale in Mississippi.
- Credit cannot exceed the grocer's total state income tax liability for the taxable year.
- Limits total cumulative tax credits claimed by all eligible taxpayers to $1,000,000 per state fiscal year.
- Effective January 1, 2019.
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
2/27/2019
Committee Referrals
Ways and Means1/15/2019
Full Bill Text
No bill text available