Tax credits; authorize for contributions by certain taxpayers to certain hospitals, bring forward various tax credit sections of law.
An Act To Authorize An Income Tax Credit, Insurance Premium Tax Credit And Ad Valorem Tax Credit For Voluntary Cash Contributions By Certain Taxpayers To Certain Eligible Hospitals; To Provide The Criteria That A Hospital Must Meet In Order For A Contribution To The Hospital To Qualify For The Tax Credit Authorized By This Act; To Limit The Amount Of The Credit; To Provide That Unused Portions Of A Credit May Be Carried Forward For Five Consecutive Years From The Close Of The Tax Year In Which The Credit Was Earned; To Bring Forward Section 27-7-17, Mississippi Code Of 1972, Which Authorizes Various Income Tax Deductions, For The Purposes Of Possible Amendment; To Bring Forward Sections 27-7-22, 27-7-22.3, 27-7-22.5, 27-7-22.7, 27-7-22.13, 27-7-22.15, 27-7-22.16, 27-7-22.17, 27-7-22.18, 27-7-22.19, 27-7-22.20, 27-7-22.21, 27-7-22.22, 27-7-22.23, 27-7-22.25, 27-7-22.27, 27-7-22.28, 27-7-22.29, 27-7-22.30, 27-7-22.31, 27-7-22.32, 27-7-22.33, 27-7-22.34, 27-7-22.35, 27-7-22.36, 27-7-22.37, 27-7-22.39, 27-7-22.40, 27-7-22.42, 27-7-22.43, 27-7-22.44, 27-7-22.45, 27-7-22.46, 27-7-22.47, 27-7-22.48, 27-7-22.49, 27-7-205, 27-7-207, 27-7-209, 57-73-21, 57-73-23, 57-87-5, 57-87-7, 57-105-1, 57-10-409, 57-114-3, 57-114-7, 57-114-9, 57-115-3 And 57-115-5, Mississippi Code Of 1972, Which Authorize Various Tax Credits, For The Purposes Of Possible Amendment; And For Related Purposes.
Selected quotes
(3) Individual nonbusiness deductions. (a) The amount allowable for individual nonbusiness itemized deductions for federal income tax purposes where the individual is eligible to elect, for the taxable year, to itemize deductions on his federal return except the following: [...] (v) The deduction for medical expenses for the provision of gender transition procedures as defined in Section 41-141-3.
Legislative Session
2024 Regular Session
History
Date | Action |
---|---|
2024-04-16 | Died In Committee |
2024-04-10 | Referred To Finance |
2024-03-27 | Transmitted To Senate |
2024-03-26 | Passed |
2024-03-26 | Committee Substitute Adopted |
2024-03-26 | Title Suff Do Pass Comm Sub |
2024-03-25 | Referred To Ways and Means |