Income tax; suspend reductions until PERS is funded at 80%.

An Act To Amend Section 27-7-5, Mississippi Code Of 1972, To Suspend The Reduction Of The Tax On All Taxable Income Of Individuals In Excess Of $10,000.00 Until An Independent Actuary Hired By The Public Employees' Retirement System Of Mississippi Issues A Written Determination That The Unfunded Actuarial Accrued Liability Of The System Is Less Than 20%; To State The Intent Of The Legislature To Consider, Before The Income Tax Rate Decreases To 3%, Whether The Rate Will Be Further Decreased Below 3%; To Repeal Section 27-7-5.1, Mississippi Code Of 1972, Which Provides For The Further Reduction Of The Tax On All Taxable Income Of Individuals In Excess Of $10,000.00 Under Certain Fiscal Conditions; And For Related Purposes.