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MS HB842

Bill

Official Source

Status

Failed

2/25/2026

Primary Sponsor

Bob Evans

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Excludes forgiven, cancelled, or discharged federal student loan debt under the Public Service Loan Forgiveness (PSLF) Program from Mississippi state income tax
  • Amends Section 27-7-15 of the Mississippi Code to add PSLF debt relief to the list of income items exempt from the definition of "gross income"
  • Does not affect any tax claims, assessments, or suits for taxes accrued before the effective date
  • Takes effect January 1, 2026

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

2/25/2026

Committee Referrals

Ways and Means1/16/2026

Full Bill Text

No bill text available