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MS HB1150
Bill
Status
2/2/2021
Primary Sponsor
Chris Brown
Click for details
AI Summary
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Allows resident individual income taxpayers filing Mississippi income tax returns to designate any portion of their tax refund to contribute to the State General Fund
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Requires the Department of Revenue to print a checkbox on individual income tax forms allowing taxpayers to contribute $1, $5, $10, or another designated amount to the State General Fund
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Permits each spouse on a joint return to independently designate a portion of the refund for contribution to the State General Fund
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Requires the Department of Revenue to annually calculate total designated contributions plus interest earned and report the amount to the State Treasurer for deposit into the State General Fund
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Applies to taxable years beginning on or after January 1, 2021
Legislative Description
Income tax refund; provide check off on individual form to allow contribution to State General Fund.
Last Action
Died In Committee
2/2/2021