Mississippi SB2869 would rescind the reduction of state income tax rates.
Mississippi SB2869 would amend the Mississippi Code to rescind the reduction of state income tax rates. The bill would repeal the provision reducing the tax on all taxable income in excess of $10,000, which was set to begin in 2031. The bill also includes provisions for tax rates on different income brackets for specific years, with adjustments to the tax rates for income exceeding $5,000 and $10,000.
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