Did not become law. It stopped in the Senate's Finance Committee on February 26, 2014. The 2014 session has ended.
2014 Regular Session
Senate Bill 2208
Income tax; authorize establishment of catastrophe savings accounts and exempt contributions and distributions from tax.
What it does
The synopsis the Legislature published with the bill.
AN ACT TO AUTHORIZE TAXPAYERS TO ESTABLISH CATASTROPHE SAVINGS ACCOUNTS TO PAY THE AMOUNT OF INSURANCE POLICY DEDUCTIBLES AND OTHER UNINSURED PORTIONS OF RISKS OF LOSS TO THE TAXPAYER'S LEGAL RESIDENCE IN THE COAST AREA FROM A HURRICANE, RISING FLOODWATERS, OR OTHER CATASTROPHIC WINDSTORM EVENT; TO PROVIDE THAT THE AMOUNTS CONTRIBUTED TO A CATASTROPHE SAVINGS ACCOUNT, INTEREST INCOME EARNED ON A CATASTROPHE SAVINGS ACCOUNT, AND DISTRIBUTIONS FROM A CATASTROPHE SAVINGS ACCOUNT THAT ARE USED TO PAY QUALIFIED CATASTROPHE EXPENSES SHALL BE EXCLUDED FROM THE TAXABLE GROSS INCOME OF THE ACCOUNT HOLDER; TO PROVIDE THAT ANY STATE INCOME TAX PAID THAT IS ATTRIBUTABLE TO A TAXABLE DISTRIBUTION FROM A CATASTROPHE SAVINGS ACCOUNT SHALL BE INCREASED BY TWO AND ONE-HALF PERCENT OF THE AMOUNT OF THE DISTRIBUTION THAT IS INCLUDABLE IN THE TAXABLE GROSS INCOME OF THE TAXPAYER; TO AMEND SECTIONS 27-7-15 AND 85-3-1, MISSISSIPPI CODE OF 1972, IN CONFORMITY HERETO; 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 Senate
Sponsor
Its course
January 10 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 SenateJan 10 to Feb 26 · stopped47 days
FinanceJan 10 to Feb 26 · stopped47 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.