l9n/ Mississippi

2016 Regular Session

House Bill 1695

Taxpayer Pay Raise Act of 2016; phase out income tax on first $5,000.00 of taxable income, phase out franchise tax.

Did not become law. It stopped in the House of Representatives's Ways and Means Committee on March 16, 2016. The 2016 session has ended.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO CREATE THE TAXPAYER PAY RAISE ACT OF 2016; TO AMEND SECTION 27-7-5, MISSISSIPPI CODE OF 1972, TO PHASE OUT, EFFECTIVE CALENDAR YEAR 2021, INCOME TAXATION ON THE FIRST $5,000.00 OF TAXABLE INCOME; TO BEGIN PHASING OUT INCOME TAXATION ON THE NEXT $5,000.00 OF TAXABLE INCOME IN CALENDAR YEAR 2026 AND COMPLETE THE PHASE-OUT INCOME TAXATION ON SUCH AMOUNT IN CALENDAR YEAR 2031; TO AMEND SECTION 27-7-18, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A PORTION OF THE FEDERAL SELF-EMPLOYMENT TAXES ASSESSED AGAINST SELF-EMPLOYED INDIVIDUALS SHALL BE ALLOWED AS AN ADJUSTMENT TO GROSS INCOME UNDER THE STATE INCOME TAX LAW; TO AMEND SECTIONS 27-13-5 AND 27-13-7, MISSISSIPPI CODE OF 1972, TO PHASE OUT THE CORPORATION FRANCHISE TAX EFFECTIVE JANUARY 1, 2026; TO REPEAL, EFFECTIVE JANUARY 1, 2026, SECTIONS 27-13-1 THROUGH 27-13-67, MISSISSIPPI CODE OF 1972, WHICH ARE THE CORPORATION FRANCHISE TAX LAW; 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

Its course

March 8 to March 16, 2016, 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 RepresentativesMar 8 to Mar 16 · stopped8 days

Ways and MeansMar 8 to Mar 16 · stopped8 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 Mar 8 – Mar 16

  1. Mar 8Referred to the House committee on Ways and Means
  2. Mar 16Died in committee in the House
All 2 actions, as published
  1. Mar 8Referred To Ways and MeansHouse of Representatives
  2. Mar 16Died In CommitteeHouse of Representatives