Loading chat...

MS HB29

Bill

Status

Failed

2/22/2023

Primary Sponsor

Tom Weathersby

Click for details

Origin

House of Representatives

2023 Regular Session

AI Summary

  • Excludes from Mississippi state income tax any compensation received by Mississippi residents serving as active duty members of the U.S. Armed Forces while stationed outside the state pursuant to military orders

  • Amends Section 27-7-15 of the Mississippi Code to add this exclusion to the definition of "gross income" for state income tax purposes

  • Applies specifically to federal service compensation, not National Guard or Reserve pay (which has separate existing exemptions up to $15,000 per year)

  • Effective date of January 1, 2023, applying to taxable years beginning on or after that date

  • Does not affect any tax claims, assessments, or causes of action for taxes due before the effective date

Legislative Description

Income tax; exclude active duty military compensation received by a resident while stationed out of state.

Last Action

Died In Committee

2/22/2023

Committee Referrals

Ways and Means1/3/2023

Full Bill Text

No bill text available