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MS SB3084
Bill
Status
2/27/2019
Primary Sponsor
Joey Fillingane
Click for details
AI Summary
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Creates Section 27-7-24.9 to allow qualified freight forwarders to apportion income for tax purposes using the same method as airlines as prescribed by the commissioner.
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Defines a "qualified freight forwarder" as a corporation that is an affiliate of an airline and derives more than 70% of its annual freight forwarding service business revenue from that airline.
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Amends Section 27-7-23 to add the new Section 27-7-24.9 to the list of exceptions for income allocation and apportionment of foreign corporations doing business in Mississippi.
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Effective date is January 1, 2019.
Legislative Description
Income tax; provide for method of apportioning income for certain freight forwarding businesses.
Last Action
Died In Committee
2/27/2019