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MS HB1485
Bill
Status
Failed
4/16/2024
Primary Sponsor
Bob Evans
Click for details
AI Summary
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Amends Mississippi Code Section 27-7-15 to exclude forgiven, cancelled, or discharged federal student loan debt under the Public Service Loan Forgiveness Program from state income tax gross income definition.
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Adds new paragraph (ss) to the list of income items exempt from Mississippi state income taxation.
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Effective July 1, 2024.
Legislative Description
Income tax; exclude forgiven, cancelled or discharged federal student loan debt under the Public Service Loan Forgiveness Program from the definition of "gross income".
Last Action
Died In Committee
4/16/2024
Committee Referrals
Finance4/10/2024
Ways and Means2/19/2024
Full Bill Text
No bill text available