House Concurrent Resolution 89

A CONCURRENT RESOLUTION SUSPENDING THE DEADLINES FOR THE PURPOSE OF REQUESTING THE DRAFTING, AND THE INTRODUCTION, CONSIDERATION AND PASSAGE, OF A BILL ENTITLED "AN ACT TO AMEND SECTIONS 27-7-5, 27-13-5 AND 27-13-7, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT BEFORE THE INITIAL SCHEDULED TAX RATE REDUCTIONS FOR THE PHASE OUT OF INCOME TAXATION ON THE FIRST $5,000.00 OF TAXABLE INCOME AND THE PHASE OUT OF THE CORPORATION FRANCHISE TAX, AS PROVIDED IN THE TAXPAYER PAY RAISE ACT OF 2016, SENATE BILL NO. 2858, 2016 REGULAR SESSION, SHALL TAKE EFFECT AND BE OPERABLE, EACH OF THE TWO IMMEDIATELY PRECEDING STATE FISCAL YEARS MUST HAVE BEEN FISCAL YEARS DURING WHICH THE STATE FISCAL OFFICER MADE NO REDUCTIONS TO AGENCY ALLOCATIONS UNDER SECTION 27-104-13, MISSISSIPPI CODE OF 1972; TO PROVIDE THAT IF A SCHEDULED TAX RATE REDUCTION BECOMES OPERABLE AND THERE IS LATER A STATE FISCAL YEAR DURING WHICH THE STATE FISCAL OFFICER MAKES REDUCTIONS TO AGENCY ALLOCATIONS UNDER SECTION 27-104-13, MISSISSIPPI CODE OF 1972, THEN THE NEXT SCHEDULED TAX RATE REDUCTION SHALL NOT TAKE EFFECT AND BE OPERABLE UNTIL AFTER THERE IS ONE STATE FISCAL YEAR DURING WHICH THERE ARE NO SUCH REDUCTIONS MADE TO AGENCY ALLOCATIONS; TO PROVIDE THAT IF A SCHEDULED TAX RATE REDUCTION IS NOT OPERABLE FOR A CALENDAR YEAR BECAUSE THE REQUIREMENTS OF THIS ACT ARE NOT SATISFIED, THEN THAT TAX RATE REDUCTION SHALL TAKE EFFECT AND BE OPERABLE AND APPLY TO THE NEXT CALENDAR YEAR AFTER SUCH REQUIREMENTS ARE SATISFIED, REGARDLESS OF THE TAX RATE REDUCTION SCHEDULED FOR SUCH CALENDAR YEAR; AND FOR RELATED PURPOSES."

In the House of Representatives

• Jay Hughes

  Sponsor

l9n doesn't hold this bill's text yet.

In the House of Representatives Mar 13 – Mar 29

1. Mar 13Referred to the House committee on Rules
2. Mar 29Died in committee in the House