HB1676: Income tax; reduce rate of tax and authorize additional deduction for certain new businesses.

Legislative Summary

An Act To Amend Section 27-7-5, Mississippi Code Of 1972, To Revise The Rate Of Income Tax Levied On Certain Income Of Eligible New Businesses; To Amend Section 27-7-17, Mississippi Code Of 1972, To Authorize An Additional Income Tax Deduction For Eligible New Businesses; To Define The Term "eligible New Business" For The Purposes Of This Act; And For Related Purposes.