MS SB2922

Creates the 2022 Mississippi Tax Rebate Fund in the State Treasury with up to $150,000,000 (less administrative costs) continuously appropriated for taxpayer rebates.

Provides one-time, nontaxable rebate checks to taxpayers who filed both 2021 and 2020 Mississippi income tax returns.

Rebate amount equals the greater of: 7.5% of 2020 income tax amount due (before tax credits) or $50 per taxpayer and dependent, with a $1,000 maximum per taxpayer.

Takes effect July 1, 2022.