l9n/ Mississippi

2022 Regular Session

House Bill 1691

Income tax; revise certain provisions relating pass-through entities.

Became law as Chapter 416, Laws of 2022, signed April 14, 2022, 51 days after it was filed.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO ALLOW PARTNERSHIPS, S CORPORATIONS OR SIMILAR PASS-THROUGH ENTITIES TO ELECT TO BE TAXED AS AN ELECTING PASS-THROUGH ENTITY FOR STATE INCOME TAX PURPOSES AND PAY INCOME TAX AT THE ENTITY LEVEL; TO PROVIDE THE MANNER BY WHICH A PARTNERSHIP, S CORPORATION OR SIMILAR PASS-THROUGH ENTITY MAY ELECT TO BE TAXED AS AN ELECTING PASS-THROUGH ENTITY; TO PROVIDE THAT EACH OWNER, MEMBER, PARTNER OR SHAREHOLDER OF AN ELECTING PASS-THROUGH ENTITY SHALL REPORT HIS OR HER PRO RATA OR DISTRIBUTIVE SHARE OF THE INCOME OF THE ELECTING PASS-THROUGH ENTITY BUT SHALL NOT BE LIABLE FOR INCOME TAX IMPOSED ON SUCH PRO RATA OR DISTRIBUTIVE SHARE; TO PROVIDE THAT EACH OWNER, MEMBER, PARTNER OR SHAREHOLDER OF AN ELECTING PASS-THROUGH ENTITY SHALL BE ALLOWED A CREDIT AGAINST INCOME TAXES IN AN AMOUNT EQUAL TO HIS OR HER PRO RATA OR DISTRIBUTIVE SHARE OF INCOME TAX PAID BY THE ELECTING PASS-THROUGH ENTITY WITH RESPECT TO THE CORRESPONDING TAXABLE YEAR; TO AMEND SECTIONS 27-7-25 AND 27-8-7, MISSISSIPPI CODE OF 1972, TO CONFORM 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

Its course

February 22 to April 14, 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 action20 actions on 15 days

In the House of RepresentativesFeb 22 to Feb 231 day

Ways and MeansFeb 22 to Feb 220 days

In the SenateFeb 23 to Mar 1520 days

FinanceFeb 25 to Mar 1417 days

Back in the House of RepresentativesMar 15 to Mar 3015 days

With the GovernorMar 30 to Apr 1415 days

Amendments

Each amendment offered, and what became of it.

  • Senate committee amendmentAdopted

    Adopted Mar 15

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 22 – Feb 23

  1. Feb 22Referred to the House committee on Ways and Means
  2. Reported from committee in the House: title sufficient, do pass as a committee substitute
  3. Feb 23Committee substitute adopted in the House
  4. Passed the House

In the Senate Feb 24 – Mar 15

  1. Feb 24Sent to the Senate
  2. Feb 25Referred to the Senate committee on Finance
  3. Mar 14Reported from committee in the Senate: title sufficient, do pass as amended
  4. Mar 15Amended in the Senate
  5. Passed the Senate as amended

Back in the House of Representatives Mar 16 – Mar 30

  1. Mar 16Returned to the House to concur in the Senate's amendments
  2. Mar 17Declined in the House to concur, and invited a conference
  3. Mar 22Conferees named in the House: Lamar, Steverson and Massengill
  4. Mar 24Conferees named in the Senate: Harkins, Sparks and Fillingane
  5. Mar 26Conference report filed in the House
  6. Conference report filed in the Senate
  7. Mar 27Conference report adopted in the Senate
  8. Mar 28Conference report adopted in the House
  9. Mar 30Enrolled bill signed in the House

To the Governor Mar 30 – Apr 14

  1. Mar 30Enrolled bill signed in the Senate
  2. Apr 14Approved by the Governor
All 20 actions, as published
  1. Feb 22Referred To Ways and MeansHouse of Representatives
  2. Feb 22Title Suff Do Pass Comm SubHouse of Representatives
  3. Feb 23Committee Substitute AdoptedHouse of Representatives
  4. Feb 23PassedHouse of Representatives
  5. Feb 24Transmitted To SenateHouse of Representatives
  6. Feb 25Referred To FinanceSenate
  7. Mar 14Title Suff Do Pass As AmendedSenate
  8. Mar 15AmendedSenate
  9. Mar 15Passed As AmendedSenate
  10. Mar 16Returned For ConcurrenceSenate
  11. Mar 17Decline to Concur/Invite ConfHouse of Representatives
  12. Mar 22Conferees Named Lamar,Steverson,MassengillHouse of Representatives
  13. Mar 24Conferees Named Harkins,Sparks,FillinganeSenate
  14. Mar 26Conference Report FiledHouse of Representatives
  15. Mar 26Conference Report FiledSenate
  16. Mar 27Conference Report AdoptedSenate
  17. Mar 28Conference Report AdoptedHouse of Representatives
  18. Mar 30Enrolled Bill SignedHouse of Representatives
  19. Mar 30Enrolled Bill SignedSenate
  20. Apr 14Approved by GovernorGovernor