MS HB296

Amends Section 27-7-15 of the Mississippi Code to exclude all compensation and income of any kind received by honorably discharged veterans of the U.S. Armed Forces from state gross income taxation.

The veteran income tax exemption is available in addition to any other exemptions already provided under Mississippi income tax law.

Exemption applies to veterans with honorable discharge status and covers all types of compensation and income without limitation or cap.

Effective January 1, 2020, with no impact on tax claims, assessments, or disputes arising before the effective date.