l9n/ Mississippi

2023 Regular Session

Senate Bill 2458

2023 Mississippi Tax Rebate Fund; establish and provide for one-time income tax rebate from.

Did not become law. It stopped in the Senate on February 9, 2023. The 2023 session has ended.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO CREATE NEW SECTION 27-7-5.1, MISSISSIPPI CODE OF 1972, TO ESTABLISH THE 2023 MISSISSIPPI TAX REBATE FUND IN THE STATE TREASURY; TO PROVIDE THAT UP TO $270,000,000.00, LESS ADMINISTRATIVE COSTS, SHALL BE DISTRIBUTED BY THE DEPARTMENT OF REVENUE TO PAY REBATES TO TAXPAYERS, WHICH MONIES SHALL BE CONTINUOUSLY APPROPRIATED; TO PROVIDE THAT, AFTER FILING A 2022 MISSISSIPPI INCOME TAX RETURN, ANY TAXPAYER WHO ALSO FILED A 2021 MISSISSIPPI INCOME TAX RETURN SHALL RECEIVE A ONE-TIME, NONTAXABLE INCOME TAX REBATE IN AN AMOUNT EQUAL TO THE LESSER OF THE 2021 INCOME TAX AMOUNT DUE, IF ANY, BEFORE THE APPLICATION OF ANY TAX CREDITS, OR A SET FIGURE DEPENDING ON THE TAXPAYER'S 2021 FILING STATUS, THAT FIGURE BEING $250.00 FOR SINGLE TAXPAYERS AND MARRIED TAXPAYERS FILING SEPARATELY, $375.00 FOR HEADS OF FAMILIES AND $500.00 FOR A MARRIED COUPLE FILING JOINTLY; TO PROVIDE FOR PRORATION OF THE REBATE FOR NONRESIDENTS AND PART-YEAR RESIDENTS; TO PROVIDE THAT THE REBATE SHALL NOT BE GREATER THAN THE TAXPAYER'S 2021 INDIVIDUAL INCOME TAX LIABILITY; TO REQUIRE THAT THE REBATE FIRST BE CREDITED AGAINST ANY OUTSTANDING TAX LIABILITY EXISTING AT THE TIME THE REBATE IS TO BE ISSUED; TO PROHIBIT THE REBATE FROM ACCRUING INTEREST FOR THE BENEFIT OF THE TAXPAYER OR FROM BEING REFUNDED OR CREDITED TO THE TAXPAYER WITH INTEREST; TO PROVIDE THAT THE AMOUNT DUE TO BE REFUNDED OR CREDITED SHALL BE SUBJECT TO SETOFF DEBT COLLECTION PROVISIONS; TO AUTHORIZE THE COMMISSIONER OF REVENUE TO PROMULGATE ANY RULES OR REGULATIONS NECESSARY TO IMPLEMENT AND ADMINISTER THE REBATE AND ITS FUND; TO DIRECT THE STATE FISCAL OFFICER TO TRANSFER FUNDS OUT OF THE STATE GENERAL FUND TO THE 2023 MISSISSIPPI TAX REBATE FUND CREATED IN THIS ACT; TO AMEND SECTION 27-7-15, MISSISSIPPI CODE OF 1972, TO EXCLUDE REBATES RECEIVED UNDER THIS ACT FROM THE DEFINITION OF THE TERM "GROSS INCOME" FOR 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 Senate

Its course

January 16 to February 9, 2023, 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 action3 actions on 3 days

In the SenateJan 16 to Feb 9 · stopped24 days

FinanceJan 16 to Jan 3115 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 Senate Jan 16 – Feb 9

  1. Jan 16Referred to the Senate committee on Finance
  2. Jan 31Reported from committee in the Senate: title sufficient, do pass as a committee substitute
  3. Feb 9Died on the calendar in the Senate
All 3 actions, as published
  1. Jan 16Referred To FinanceSenate
  2. Jan 31Title Suff Do Pass Comm SubSenate
  3. Feb 9Died On CalendarSenate