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MS HB1256

Bill

Official Source

Status

Failed

2/25/2026

Primary Sponsor

Lester Carpenter

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Active drilling members of the Mississippi Army National Guard or Air National Guard receive a $650 refundable state income tax credit annually
  • Eligibility requires qualification for the existing gross income exemption for National Guard compensation under Section 27-7-15(4)(m)
  • Credit is fully refundable, meaning members receive the excess amount as a refund if the $650 credit exceeds their state income tax liability
  • Effective date is January 1, 2026
  • Does not affect any tax claims, assessments, or appeals for taxes accrued before the effective date

Legislative Description

Income tax; authorize a credit for active drilling members of the National Guard.

Last Action

Died In Committee

2/25/2026

Committee Referrals

Ways and Means1/19/2026

Full Bill Text

No bill text available