l9n/ Mississippi

2018 Regular Session

House Bill 1550

Income tax; authorize deduction for certain income earned by recent college graduates.

Did not become law. It stopped in the Senate's Finance Committee on March 13, 2018. The 2018 session has ended.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO PROVIDE THAT THE GROSS INCOME OF RECENT GRADUATES OF FOUR-YEAR COLLEGES AND UNIVERSITIES IN MISSISSIPPI AND OUTSIDE MISSISSIPPI WHICH IS DERIVED FROM EMPLOYMENT IN A QUALIFYING JOB IN THIS STATE SHALL BE ALLOWED AS A DEDUCTION FROM GROSS INCOME UNDER THE STATE INCOME TAX LAW; TO DEFINE CERTAIN TERMS USED IN THE ACT; TO PROVIDE THAT THE DEDUCTION FROM GROSS INCOME AUTHORIZED BY THIS ACT MAY BE UTILIZED BY A RECENT GRADUATE FOR THREE CONSECUTIVE YEARS IF THE RECENT GRADUATE REMAINS A RESIDENT OF MISSISSIPPI AND EMPLOYED IN A QUALIFYING JOB FOR THAT PERIOD OF TIME; TO PROVIDE THAT A RECENT GRADUATE MAY UTILIZE THE DEDUCTION FROM GROSS INCOME FOR AN ADDITIONAL TWO YEARS IF THE RECENT GRADUATE PURCHASES PROPERTY IN THIS STATE FOR RESIDENTIAL OR COMMERCIAL USE BY THE RECENT GRADUATE, ESTABLISHES A BUSINESS IN THIS STATE THAT IS REGISTERED WITH THE SECRETARY OF STATE AND HAS AT LEAST ONE EMPLOYEE, OTHER THAN THE RECENT GRADUATE, WHOSE WAGES ARE SUBJECT TO INCOME TAX WITHHOLDING UNDER THE STATE INCOME TAX LAW, OR SERVES IN AN INSTRUCTIONAL CAPACITY AS A LICENSED TEACHER IN A PUBLIC SCHOOL OR NONPUBLIC SCHOOL; TO AMEND SECTION 27-7-18, MISSISSIPPI CODE OF 1972, IN CONFORMITY TO THE PROVISIONS OF THIS ACT; 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

2 co-sponsors

Jason White, Kathy Sykes

Its course

February 5 to March 13, 2018, 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 action8 actions on 5 days

In the House of RepresentativesFeb 5 to Feb 149 days

Ways and MeansFeb 5 to Feb 149 days

In the SenateFeb 14 to Mar 13 · stopped27 days

FinanceMar 5 to Mar 13 · stopped8 days

Amendments

Each amendment offered, and what became of it.

  • House of Representatives floor amendmentAdopted

    Adopted Feb 14

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 5 – Feb 14

  1. Feb 5Referred to the House committee on Ways and Means
  2. Feb 14Reported from committee in the House: title sufficient, do pass as a committee substitute
  3. Committee substitute adopted in the House
  4. Amended in the House
  5. Passed the House as amended

In the Senate Feb 19 – Mar 13

  1. Feb 19Sent to the Senate
  2. Mar 5Referred to the Senate committee on Finance
  3. Mar 13Died in committee in the Senate
All 8 actions, as published
  1. Feb 5Referred To Ways and MeansHouse of Representatives
  2. Feb 14Title Suff Do Pass Comm SubHouse of Representatives
  3. Feb 14Committee Substitute AdoptedHouse of Representatives
  4. Feb 14AmendedHouse of Representatives
  5. Feb 14Passed As AmendedHouse of Representatives
  6. Feb 19Transmitted To SenateHouse of Representatives
  7. Mar 5Referred To FinanceSenate
  8. Mar 13Died In CommitteeSenate