HB 1072
Voluntary Portable Benefit Plan Act; create for contributions by hiring parties to independent contractors' portable benefit accounts.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
An act to be known as the "voluntary portable benefit plan act"; To define certain terms; To authorize a hiring party to voluntarily contribute funds to the portable benefit account owned by an independent contractor; To authorize a hiring party to withhold funds from the compensation owed to an independent contractor for the contribution to the person's portable benefit account; To authorize a deduction from a hiring party's taxable income for contributions to a portable benefit account; To exclude contributions to a portable benefit account from the determination of an independent contractor's taxable income; To amend sections 27-7-17 and 27-7-15, mississippi code of 1972, IN conformity to the provisions of this act; And for related purposes.
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