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MS HB729

Bill

Official Source

Status

Failed

2/24/2021

Primary Sponsor

Thomas Reynolds

Click for details

Origin

House of Representatives

2021 Regular Session

AI Summary

  • Board-certified psychiatrists and licensed psychologists providing mental health services in designated critical mental health services shortage areas may exclude Medicaid reimbursement income from their gross taxable income
  • Critical mental health services shortage areas are designated annually by December 31 by the Mississippi Department of Mental Health based on underserved areas lacking adequate mental health professional availability
  • The income tax exemption applies only to payments received through the Medicaid program for services provided to low-income individuals in these shortage areas
  • The Department of Revenue is authorized to promulgate rules and regulations to implement the tax exemption
  • Effective date: January 1, 2021

Legislative Description

Income tax; exempt income of certain mental health professionals providing services in critical mental health services shortage areas.

Last Action

Died In Committee

2/24/2021

Committee Referrals

Ways and Means1/18/2021

Full Bill Text

No bill text available