Income tax; exclude payment for property taken by eminent domain from gross income.
An Act To Amend Section 27-7-15, Mississippi Code Of 1972, To Exclude From The Definition Of "gross Income" For Purposes Of The State Income Tax Law Amounts Received As Payment For Compensation Or Damages For Property Taken By Eminent Domain Or Condemnation As Authorized By Law, Provided That The Purchase Date For The Property Is Not Less Than Five Years Before The Date The Property Is Taken By Eminent Domain Or Condemnation; And For Related Purposes.
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{# E23 (Nick, ruling section 1 answer 10): quoting a bill or a court opinion works
the way quoting a news article works. Select a passage above and the same panel
opens: the passage goes to the official you choose, with this document's own
address as its source and its own type. #}