l9n/ Mississippi

2020 Regular Session

House Bill 1748

Income tax; revise definition of gross income.

Became law as Chapter 421, Laws of 2020, signed June 30, 2020, 28 days after it was filed.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO AMEND SECTION 27-7-15, MISSISSIPPI CODE OF 1972, TO REVISE THE DEFINITION OF THE TERM "GROSS INCOME" UNDER THE STATE INCOME TAX LAW TO EXCLUDE AMOUNTS RECEIVED AS LOANS, ADVANCES AND/OR GRANTS UNDER THE FEDERAL CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY (CARES) ACT; TO EXCLUDE ANY AND ALL CANCELLED INDEBTEDNESS PROVIDED FOR UNDER THE CARES ACT; TO EXCLUDE AMOUNTS RECEIVED AS PAYMENTS UNDER SECTION 4 OF SENATE BILL NO. 2772, 2020 REGULAR SESSION; TO EXCLUDE AMOUNTS RECEIVED AS GRANTS UNDER THE 2020 COVID-19 MISSISSIPPI BUSINESS ASSISTANCE ACT; TO AMEND SECTION 11, SENATE BILL NO. 2772, 2020 REGULAR SESSION, TO PROVIDE THAT THERE SHALL NOT BE ALLOWED A DEDUCTION FOR OTHERWISE DEDUCTIBLE PAYMENTS PAID WITH FUNDS RECEIVED UNDER THE PAYCHECK PROTECTION PROGRAM (PPP) ESTABLISHED BY THE CARES ACT, BUT ONLY TO THE EXTENT THOSE PAYMENTS ARE NOT ALLOWED AS DEDUCTIONS FOR FEDERAL INCOME TAX PURPOSES; 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

C. Scott Bounds, Greg Haney

Its course

June 2 to June 30, 2020, 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 action13 actions on 10 days

In the House of RepresentativesJun 2 to Jun 20 days

Ways and MeansJun 2 to Jun 20 days

In the SenateJun 2 to Jun 1715 days

FinanceJun 4 to Jun 1612 days

Back in the House of RepresentativesJun 17 to Jun 236 days

With the GovernorJun 23 to Jun 307 days

Amendments

Each amendment offered, and what became of it.

  • Senate committee amendmentAdopted

    Adopted Jun 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 Jun 2

  1. Jun 2Referred to the House committee on Ways and Means
  2. Reported from committee in the House: title sufficient, do pass
  3. Passed the House

In the Senate Jun 3 – Jun 17

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

Back in the House of Representatives Jun 18 – Jun 23

  1. Jun 18Returned to the House to concur in the Senate's amendments
  2. Jun 19Concurred in the House in the Senate's amendments
  3. Jun 23Enrolled bill signed in the House

To the Governor Jun 24 – Jun 30

  1. Jun 24Enrolled bill signed in the Senate
  2. Jun 30Approved by the Governor
All 13 actions, as published
  1. Jun 2Referred To Ways and MeansHouse of Representatives
  2. Jun 2Title Suff Do PassHouse of Representatives
  3. Jun 2PassedHouse of Representatives
  4. Jun 3Transmitted To SenateHouse of Representatives
  5. Jun 4Referred To FinanceSenate
  6. Jun 16Title Suff Do Pass As AmendedSenate
  7. Jun 17AmendedSenate
  8. Jun 17Passed As AmendedSenate
  9. Jun 18Returned For ConcurrenceSenate
  10. Jun 19Concurred in Amend From SenateHouse of Representatives
  11. Jun 23Enrolled Bill SignedHouse of Representatives
  12. Jun 24Enrolled Bill SignedSenate
  13. Jun 30Approved by GovernorGovernor