Loading chat...
MS HB1071
Bill
Status
Passed
6/22/2020
Primary Sponsor
Jeffrey Guice
Click for details
AI Summary
-
Amends Section 85-3-1 of Mississippi Code to add Roth individual retirement accounts (as defined in Internal Revenue Code Section 408A) to the list of assets exempt from seizure under execution or attachment.
-
Roth IRAs join other protected retirement accounts including traditional IRAs, 401(a) plans, 403(a) and 403(b) plans, eligible deferred compensation plans, and simplified employee pension plans.
-
Effective date is July 1, 2020.
Legislative Description
Property exempt from seizure under execution or attachment; include Roth individual retirement accounts.
Last Action
Approved by Governor
6/22/2020
Committee Referrals
Business and Financial Institutions5/11/2020
Banking and Financial Services2/14/2020
Full Bill Text
No bill text available