Did not become law. It stopped in the Senate's Finance Committee on February 25, 2026.
2026 Regular Session
Senate Bill 3031
Income tax; suspend reductions until PERS is funded at 80%.
What it does
The synopsis the Legislature published with the bill.
AN ACT TO AMEND SECTION 27-7-5, MISSISSIPPI CODE OF 1972, TO SUSPEND THE REDUCTION OF THE TAX ON ALL TAXABLE INCOME OF INDIVIDUALS IN EXCESS OF $10,000.00 UNTIL AN INDEPENDENT ACTUARY HIRED BY THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF MISSISSIPPI ISSUES A WRITTEN DETERMINATION THAT THE UNFUNDED ACTUARIAL ACCRUED LIABILITY OF THE SYSTEM IS LESS THAN 20%; TO STATE THE INTENT OF THE LEGISLATURE TO CONSIDER, BEFORE THE INCOME TAX RATE DECREASES TO 3%, WHETHER THE RATE WILL BE FURTHER DECREASED BELOW 3%; TO REPEAL SECTION 27-7-5.1, MISSISSIPPI CODE OF 1972, WHICH PROVIDES FOR THE FURTHER REDUCTION OF THE TAX ON ALL TAXABLE INCOME OF INDIVIDUALS IN EXCESS OF $10,000.00 UNDER CERTAIN FISCAL CONDITIONS; 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
Sponsor
Its course
February 10 to February 25, 2026, 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 SenateFeb 10 to Feb 25 · stopped15 days
FinanceFeb 10 to Feb 25 · 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.