Bill > SB2869

This bill, titled "Income tax; rescind reduction of," aims to reverse a previously enacted reduction in Mississippi's state income tax. Specifically, it amends Section 27-7-5 of the Mississippi Code of 1972, which outlines the state's income tax rates, by removing language that would have further reduced the tax rate on taxable income exceeding $10,000. Additionally, the bill repeals Section 27-7-5.1 of the Mississippi Code of 1972, which was a provision that would have allowed for a tax reduction on income over $10,000 under certain conditions, starting in 2031. In essence, this legislation prevents future income tax rate decreases for higher income brackets and effectively reinstates the previously scheduled tax rates for those income levels.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB2869.xml