l9n/ Mississippi

2024 Regular Session

Senate Bill 2989

Taxation; freeze phase-in of income tax cuts and phase out of corporation franchise tax.

Did not become law. It stopped in the Senate's Finance Committee on March 27, 2024. The 2024 session has ended.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO AMEND SECTION 27-7-5, MISSISSIPPI CODE OF 1972, TO FREEZE THE PHASE-IN OF INCOME TAX CUTS; TO AMEND SECTIONS 27-13-5 AND 27-13-7, MISSISSIPPI CODE OF 1972, TO FREEZE THE PHASE-OUT OF THE CORPORATION FRANCHISE TAX; TO REPEAL SECTION 5, CHAPTER 499, LAWS OF 2016, WHICH PROVIDES THAT THE CORPORATION FRANCHISE TAX LAW IS REPEALED FROM AND AFTER JANUARY 1, 2028; AND FOR RELATED PURPOSES.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

1 co-sponsor

Derrick T. Simmons

Its course

March 8 to March 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 action2 actions on 2 days

In the SenateMar 8 to Mar 27 · stopped19 days

FinanceMar 8 to Mar 27 · stopped19 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 Mar 8 – Mar 27

  1. Referred to the Senate committee on Finance
  2. Died in committee in the Senate
All 2 actions, as published