MS SB2451

Excludes forgiven, cancelled, or discharged federal student loan debt from the definition of "gross income" for Mississippi state income tax purposes.

Adds new paragraph (ss) to Section 27-7-15, Mississippi Code of 1972, listing federal student loan debt relief as a specific exemption from gross income taxation.

Aligns Mississippi tax treatment with federal treatment of student loan debt forgiveness programs.

Effective July 1, 2023.