l9n/ Mississippi

2017 Regular Session

House Bill 1601

Income tax; authorize first-time home buyers savings accounts and exclude contributions/distributions from gross income.

Became law as Chapter 376, Laws of 2017, signed March 22, 2017, 35 days after it was filed.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO AUTHORIZE TAXPAYERS TO ESTABLISH FIRST-TIME HOME BUYER SAVINGS ACCOUNTS; TO DEFINE CERTAIN TERMS; TO PROVIDE THAT THE AMOUNTS CONTRIBUTED TO A FIRST-TIME HOME BUYER SAVINGS ACCOUNT, INTEREST AND OTHER INCOME EARNED ON AN ACCOUNT AND DISTRIBUTIONS FROM SUCH AN ACCOUNT THAT ARE USED TO PAY ELIGIBLE COSTS RELATED TO THE PURCHASE OF A SINGLE-FAMILY RESIDENCE SHALL BE EXCLUDED FROM THE GROSS INCOME OF THE ACCOUNT HOLDER UNDER THE STATE INCOME TAX LAW; TO AMEND SECTION 27-7-15, 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

5 co-sponsors

Orlando Paden, John W. Hines, Sr., Kabir Karriem, Debra Gibbs, Kathy Sykes

Its course

February 15 to March 22, 2017, 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 action12 actions on 9 days

In the House of RepresentativesFeb 15 to Feb 216 days

Ways and MeansFeb 15 to Feb 205 days

In the SenateFeb 21 to Mar 1421 days

FinanceMar 6 to Mar 137 days

With the GovernorMar 14 to Mar 228 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 15 – Feb 21

  1. Feb 15Referred to the House committee on Ways and Means
  2. Feb 20Reported from committee in the House: title sufficient, do pass as a committee substitute
  3. Feb 21Committee substitute adopted in the House
  4. Passed the House

In the Senate Feb 23 – Mar 14

  1. Feb 23Sent to the Senate
  2. Mar 6Referred to the Senate committee on Finance
  3. Mar 13Reported from committee in the Senate: title sufficient, do pass
  4. Mar 14Passed the Senate

To the Governor Mar 15 – Mar 22

  1. Mar 15Returned to the House for enrolling
  2. Enrolled bill signed in the House
  3. Enrolled bill signed in the Senate
  4. Mar 22Approved by the Governor
All 12 actions, as published
  1. Feb 15Referred To Ways and MeansHouse of Representatives
  2. Feb 20Title Suff Do Pass Comm SubHouse of Representatives
  3. Feb 21Committee Substitute AdoptedHouse of Representatives
  4. Feb 21PassedHouse of Representatives
  5. Feb 23Transmitted To SenateHouse of Representatives
  6. Mar 6Referred To FinanceSenate
  7. Mar 13Title Suff Do PassSenate
  8. Mar 14PassedSenate
  9. Mar 15Returned For EnrollingSenate
  10. Mar 15Enrolled Bill SignedHouse of Representatives
  11. Mar 15Enrolled Bill SignedSenate
  12. Mar 22Approved by GovernorGovernor