l9n/ Mississippi

2024 Regular Session

Senate Bill 2903

MS Deferred Comp; allow Roth and other after-tax accounts, and comply with qualified domestic relations orders.

Did not become law. It stopped in the Senate on April 27, 2024. The 2024 session has ended.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO AMEND SECTION 25-14-5, MISSISSIPPI CODE OF 1972, TO ALLOW THE MISSISSIPPI DEFERRED COMPENSATION PLAN AND TRUST TO OFFER ROTH ACCOUNTS AND OTHER AFTER-TAX CONTRIBUTION VEHICLES; TO PROVIDE THAT A PARTICIPANT'S ROTH OR OTHER ALLOWABLE AFTER-TAX CONTRIBUTION INTO A DEFERRED COMPENSATION ACCOUNT SHALL BE TREATED BY THE EMPLOYER AS INCLUDABLE IN THE PARTICIPANT'S INCOME AT THE TIME THE PARTICIPANT WOULD HAVE RECEIVED THAT AMOUNT IN COMPENSATION IF THE PARTICIPANT HAD NOT MADE A DEFERRED ELECTION; TO PROVIDE THAT THE MISSISSIPPI DEFERRED COMPENSATION PLAN AND TRUST SHALL COMPLY WITH ANY QUALIFIED DOMESTIC RELATIONS ORDER UNDER THE INTERNAL REVENUE CODE ESTABLISHING THE RIGHT OF AN ALTERNATE PAYEE TO ALL OR A PORTION OF A PARTICIPANT'S BENEFIT UNDER THE PLAN; TO AMEND SECTION 25-14-15, MISSISSIPPI CODE OF 1972, TO CONFORM; 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

February 19 to April 27, 2024, 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 action14 actions on 10 days

In the SenateFeb 19 to Mar 818 days

FinanceFeb 19 to Feb 2910 days

In the House of RepresentativesMar 8 to Apr 1033 days

Ways and MeansMar 14 to Apr 219 days

Back in the SenateApr 10 to Apr 27 · stopped17 days

Amendments

Each amendment offered, and what became of it.

  • House of Representatives floor amendmentAdopted

    Adopted Apr 10

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 Feb 19 – Mar 8

  1. Feb 19Referred to the Senate committee on Finance
  2. Feb 29Reported from committee in the Senate: title sufficient, do pass
  3. Mar 8Passed the Senate

In the House of Representatives Mar 11 – Apr 10

  1. Mar 11Sent to the House
  2. Mar 14Referred to the House committee on Ways and Means
  3. Apr 2Reported from committee in the House: title sufficient, do pass
  4. Apr 3Tabled in the House, subject to being called up again
  5. Apr 10Amended in the House
  6. Passed the House as amended

Back in the Senate Apr 10 – Apr 27

  1. Apr 10Released in the House to be sent on at once
  2. Returned to the Senate to concur in the House's amendments
  3. Apr 25Concurred in the Senate in the House's amendments
  4. Motion in the Senate to reconsider entered
  5. Apr 27Died on the calendar in the Senate
All 14 actions, as published
  1. Feb 19Referred To FinanceSenate
  2. Feb 29Title Suff Do PassSenate
  3. Mar 8PassedSenate
  4. Mar 11Transmitted To HouseSenate
  5. Mar 14Referred To Ways and MeansHouse of Representatives
  6. Apr 2Title Suff Do PassHouse of Representatives
  7. Apr 3Tabled Subject To CallHouse of Representatives
  8. Apr 10AmendedHouse of Representatives
  9. Apr 10Passed As AmendedHouse of Representatives
  10. Apr 10Immediate ReleaseHouse of Representatives
  11. Apr 10Returned For ConcurrenceHouse of Representatives
  12. Apr 25Concurred in Amend From HouseSenate
  13. Apr 25Motion to Reconsider EnteredSenate
  14. Apr 27Died On CalendarSenate