l9n/ Mississippi

2025 Regular Session

Senate Bill 2863

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 House of Representatives's State Affairs Committee on March 4, 2025. The 2025 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

2 co-sponsors

Josh Harkins, David Blount

Its course

January 20 to March 4, 2025, 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 action6 actions on 6 days

In the SenateJan 20 to Feb 1223 days

RulesJan 20 to Feb 415 days

In the House of RepresentativesFeb 12 to Mar 4 · stopped20 days

State AffairsFeb 17 to Mar 4 · stopped15 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 20 – Feb 12

  1. Jan 20Referred to the Senate committee on Rules
  2. Feb 4Reported from committee in the Senate: title sufficient, do pass
  3. Feb 12Passed the Senate

In the House of Representatives Feb 13 – Mar 4

  1. Feb 13Sent to the House
  2. Feb 17Referred to the House committees on State Affairs and on Accountability, Efficiency, Transparency
  3. Mar 4Died in committee in the House
All 6 actions, as published
  1. Jan 20Referred To RulesSenate
  2. Feb 4Title Suff Do PassSenate
  3. Feb 12PassedSenate
  4. Feb 13Transmitted To HouseSenate
  5. Feb 17Referred To State Affairs;Accountability, Efficiency, TransparencyHouse of Representatives
  6. Mar 4Died In CommitteeHouse of Representatives