Senate Bill 2324

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.

In the Senate

• Chuck Younger

  Sponsor

l9n doesn't hold this bill's text yet.

In the Senate Feb 7 – Mar 27

1. Feb 7Referred to the Senate committee on Finance
2. Mar 27Died in committee in the Senate