Did not become law. It stopped in the House of Representatives's Ways and Means Committee on February 26, 2014. The 2014 session has ended.
2014 Regular Session
House Bill 1548
Income tax; revise provisions regarding certain business deductions.
What it does
The synopsis the Legislature published with the bill.
AN ACT TO AMEND SECTION 27-7-17, MISSISSIPPI CODE OF 1972, TO DEFINE THE TERM "CAPTIVE REIT" FOR PURPOSES OF THE STATE INCOME TAX DEDUCTION AUTHORIZED FOR DIVIDEND DISTRIBUTIONS MADE BY A REAL ESTATE INVESTMENT TRUST AND TO REVISE THE APPLICATION OF THE DEDUCTION WITH REGARD TO A CAPTIVE REIT; TO REVISE THE DEFINITION OF THE TERMS "INTANGIBLE PROPERTY" AND "INTEREST EXPENSES AND COST" AND TO DEFINE THE TERMS "MANAGEMENT AND ADMINISTRATIVE FEES" AND "SUBCHAPTER K ENTITY" FOR PURPOSES OF RESTRICTIONS ON THE DEDUCTION OF CERTAIN EXPENSES INCURRED IN CONNECTION WITH TRANSACTIONS WITH RELATED MEMBERS AND TO REVISE CERTAIN PROVISIONS REGARDING THE DEDUCTION; AND FOR RELATED PURPOSES.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
In the House of Representatives
Sponsor
Its course
February 17 to February 26, 2014, on one scale. In the top row each mark is a day something happened; taller marks are busier days.
Each committee stop sits inside its chamber.
Every action2 actions on 2 days
In the House of RepresentativesFeb 17 to Feb 26 · stopped9 days
Ways and MeansFeb 17 to Feb 26 · stopped9 days
Text
Each version as the Legislature printed it.
l9n doesn't hold this bill's text yet.
What happened
In l9n's words, one line for each step. Every action as the Legislature published it is below.
In the House of Representatives Feb 17 – Feb 26
- Feb 17Referred to the House committee on Ways and Means
- Feb 26Died in committee in the House
All 2 actions, as published
- Feb 17Referred To Ways and MeansHouse of Representatives
- Feb 26Died In CommitteeHouse of Representatives