l9n/ Mississippi

2022 Regular Session

House Bill 133

Income tax; revise certain provisions to address investment in federally designated qualified opportunity zones.

Did not become law. It stopped in the House of Representatives's Ways and Means Committee on February 23, 2022. The 2022 session has ended.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO AMEND SECTION 27-7-9, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT TO THE EXTENT THAT GAIN IS NOT RECOGNIZED OR IS DEFERRED FOR THE SALE OR EXCHANGE OF PROPERTY OR FOR INVESTMENT IN QUALIFIED OPPORTUNITY ZONE PROPERTY THROUGH A QUALIFIED OPPORTUNITY FUND UNDER FEDERAL LAW, THERE SHALL BE NO GAIN RECOGNIZED OR GAIN SHALL BE DEFERRED FOR SUCH SALE OR EXCHANGE OF PROPERTY OR INVESTMENT FOR THE PURPOSES OF THE STATE INCOME TAX LAW, PROVIDED THAT THE PROPERTY IS IN OR THE INVESTMENT IS IN QUALIFIED OPPORTUNITY ZONE PROPERTY IN A QUALIFIED OPPORTUNITY ZONE LOCATED IN THIS STATE; TO PROVIDE THAT TO THE EXTENT THAT THERE IS AN INCREASE IN BASIS FOR SUCH PROPERTY OR INVESTMENT UNDER FEDERAL LAW, THERE SHALL BE AN INCREASE IN BASIS FOR THE PROPERTY OR INVESTMENT FOR THE PURPOSES OF THE STATE INCOME 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

January 4 to February 23, 2022, 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 RepresentativesJan 4 to Feb 23 · stopped50 days

Ways and MeansJan 4 to Feb 23 · stopped50 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 Jan 4 – Feb 23

  1. Jan 4Referred to the House committee on Ways and Means
  2. Feb 23Died in committee in the House
All 2 actions, as published
  1. Jan 4Referred To Ways and MeansHouse of Representatives
  2. Feb 23Died In CommitteeHouse of Representatives