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MS HB1653
Bill
Status
Failed
2/26/2025
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 the definition of "gross income" for state income tax purposes.
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Adds paragraph (ss) to the list of income items exempt from Mississippi state income taxation.
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Effective date is July 1, 2025.
Legislative Description
Income tax; exclude forgiven, cancelled or discharged federal student loan debt under the PSLF Program from the definition of "gross income".
Last Action
Died In Committee
2/26/2025
Committee Referrals
Ways and Means1/29/2025
Full Bill Text
No bill text available