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MS HB1485

Bill

Status

Failed

4/16/2024

Primary Sponsor

Bob Evans

Click for details

Origin

House of Representatives

2024 Regular Session

AI Summary

  • 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.

  • Adds new paragraph (ss) to the list of income items exempt from Mississippi state income taxation.

  • 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