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MS HB214
Bill
Status
Failed
2/23/2022
Primary Sponsor
Robert Johnson
Click for details
AI Summary
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Creates a Mississippi state income tax credit equal to 10% of the federal Earned Income Tax Credit (EITC) claimed by taxpayers
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Makes the credit fully refundable, meaning taxpayers receive a cash refund from the Department of Revenue for any credit amount exceeding their state income tax liability
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Requires taxpayers to claim the federal EITC on their federal return and provide a copy to the Mississippi Department of Revenue to qualify
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Takes effect January 1, 2022
Legislative Description
Income tax; provide a credit for taxpayers who claim a federal earned income tax credit.
Last Action
Died In Committee
2/23/2022
Committee Referrals
Ways and Means1/4/2022
Full Bill Text
No bill text available