l9n/ Mississippi

2015 Regular Session

House Bill 1134

Income tax; authorize establishment of Catastrophe savings accounts and exempt contributions and distributions from tax.

Became law as Chapter 457, Laws of 2015, signed April 20, 2015, 91 days after it was filed.

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 FROM A HURRICANE, FLOOD, WINDSTORM OR OTHER CATASTROPHIC 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 THERETO; 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

3 co-sponsors

Gary Chism, Randall Patterson, Greg Haney

Its course

January 19 to April 20, 2015, 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 action20 actions on 14 days

In the House of RepresentativesJan 19 to Feb 2436 days

Ways and MeansJan 19 to Feb 1729 days

In the SenateFeb 24 to Mar 1721 days

FinanceFeb 26 to Mar 1618 days

Back in the House of RepresentativesMar 17 to Apr 620 days

With the GovernorApr 6 to Apr 2014 days

Amendments

Each amendment offered, and what became of it.

  • Senate committee amendmentAdopted

    Adopted Mar 17

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 Jan 19 – Feb 24

  1. Jan 19Referred to the House committee on Ways and Means
  2. Feb 17Reported from committee in the House: title sufficient, do pass as a committee substitute
  3. Feb 24Committee substitute adopted in the House
  4. Passed the House

In the Senate Feb 25 – Mar 17

  1. Feb 25Sent to the Senate
  2. Feb 26Referred to the Senate committee on Finance
  3. Mar 16Reported from committee in the Senate: title sufficient, do pass as amended
  4. Mar 17Amended in the Senate
  5. Passed the Senate as amended

Back in the House of Representatives Mar 18 – Apr 6

  1. Mar 18Returned to the House to concur in the Senate's amendments
  2. Declined in the House to concur, and invited a conference
  3. Mar 23Conferees named in the House: Smith (39th), Rogers (61st) and White
  4. Mar 27Conferees named in the Senate: Fillingane, Ward and Wiggins
  5. Mar 28Conference report filed in the Senate
  6. Conference report filed in the House
  7. Mar 29Conference report adopted in the Senate
  8. Conference report adopted in the House
  9. Apr 6Enrolled bill signed in the Senate

To the Governor Apr 6 – Apr 20

  1. Apr 6Enrolled bill signed in the House
  2. Apr 20Approved by the Governor
All 20 actions, as published
  1. Jan 19Referred To Ways and MeansHouse of Representatives
  2. Feb 17Title Suff Do Pass Comm SubHouse of Representatives
  3. Feb 24Committee Substitute AdoptedHouse of Representatives
  4. Feb 24PassedHouse of Representatives
  5. Feb 25Transmitted To SenateHouse of Representatives
  6. Feb 26Referred To FinanceSenate
  7. Mar 16Title Suff Do Pass As AmendedSenate
  8. Mar 17AmendedSenate
  9. Mar 17Passed As AmendedSenate
  10. Mar 18Returned For ConcurrenceSenate
  11. Mar 18Decline to Concur/Invite ConfHouse of Representatives
  12. Mar 23Conferees Named Smith (39th),Rogers (61st),WhiteHouse of Representatives
  13. Mar 27Conferees Named Fillingane,Ward,WigginsSenate
  14. Mar 28Conference Report FiledSenate
  15. Mar 28Conference Report FiledHouse of Representatives
  16. Mar 29Conference Report AdoptedSenate
  17. Mar 29Conference Report AdoptedHouse of Representatives
  18. Apr 6Enrolled Bill SignedSenate
  19. Apr 6Enrolled Bill SignedHouse of Representatives
  20. Apr 20Approved by GovernorGovernor