# Mississippi SB 2451: Mississippi Principal and Income Act of 2013; revise provisions relating to partial liquidation.

Mississippi SB 2451, Mississippi Principal and Income Act of 2013; revise provisions relating to partial liquidation., is a 2025 Regular Session Senate bill sponsored by Brice Wiggins (Republican); status signed, last action 2025-03-12 (Approved by Governor) (as of 2026-10-28).

- Canonical: https://policyrisk.com/state-bill/MS-SB2451-2025
- As of: 2026-10-28
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Mississippi SB 2451
- State: Mississippi
- Session: 2025 Regular Session
- Title: Mississippi Principal and Income Act of 2013; revise provisions relating to partial liquidation.
- Status: signed
- Chamber: Senate
- Introduced: 2025-01-20
- Last action: 2025-03-12, Approved by Governor
- Sponsor: Brice Wiggins (Republican)
- Cosponsors: 1
- Subjects: Business and Commerce, Judiciary, Division A
- Touches household money: no
- Roll calls: 2 (166 yes, 0 no in all)
- Economic provisions PRIA read: 1

## Summary

No summary available.

## Bill overview: provisions PRIA read

- New trust rules for liquidation payouts: mixed, low. Starting July 1, 2025, trustees generally count money received from an entity as trust income. Some receipts instead go to principal, including noncash property, money received for giving up part or all of the trust’s interest, liquidation proceeds, and certain capital-gain dividends. A distributio…

## Sponsors and cosponsors

- Sponsor: Brice Wiggins (Republican), Senate
- Cosponsor: Mike Thompson (Republican), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-03-05 | House | Passed | pass | 116 | 0 | 1 |
| 2025-02-12 | Senate | Passed | pass | 50 | 0 |   |

## Actions (11)

- 2025-03-12: Approved by Governor (legislature)
- 2025-03-11: Enrolled Bill Signed (House)
- 2025-03-10: Enrolled Bill Signed (Senate)
- 2025-03-06: Returned For Enrolling (House)
- 2025-03-05: Passed (House)
- 2025-02-27: Title Suff Do Pass (House)
- 2025-02-17: Referred To Business and Commerce (House)
- 2025-02-13: Transmitted To House (Senate)
- 2025-02-12: Passed (Senate)
- 2025-01-30: Title Suff Do Pass (Senate)
- 2025-01-20: Referred To Judiciary, Division A (Senate)

## Bill text

- As Introduced: [HTML](https://billstatus.ls.state.ms.us/documents/2025/html/SB/2400-2499/SB2451IN.htm), [PDF](https://billstatus.ls.state.ms.us/documents/2025/pdf/SB/2400-2499/SB2451IN.pdf)
- As Passed: [HTML](https://billstatus.ls.state.ms.us/documents/2025/html/SB/2400-2499/SB2451PS.htm), [PDF](https://billstatus.ls.state.ms.us/documents/2025/pdf/SB/2400-2499/SB2451PS.pdf)
- Enrolled: [HTML](https://billstatus.ls.state.ms.us/documents/2025/html/SB/2400-2499/SB2451SG.htm), [PDF](https://billstatus.ls.state.ms.us/documents/2025/pdf/SB/2400-2499/SB2451SG.pdf)

## Related bills

- SB 2517: "MS Intercollegiate Athletics Compensation Rights Act" and "Uniform Athletes Agent Act"; bring forward. (signed)
- HB 856: Pharmacy Practice Act; extend repealer on and make various changes to. (signed)
- HB 1341: MS Health Care Industry Zone Act; extend repealer on act and related tax incentives. (signed)
- HB 958: Department of Information Technology Services; revise certain provisions relating to acquisition of technology services. (signed)
- HB 913: Meat labeling; require accurate labeling of meat and nonmeat products by processors, retail and food establishment prior to final sale. (signed)
- HB 920: Distinctive motor vehicle license tag; authorize for supporters of various organizations. (signed)

## Sources
- [As Introduced (HTML)](https://billstatus.ls.state.ms.us/documents/2025/html/SB/2400-2499/SB2451IN.htm)
- [As Introduced (PDF)](https://billstatus.ls.state.ms.us/documents/2025/pdf/SB/2400-2499/SB2451IN.pdf)
- [As Passed (HTML)](https://billstatus.ls.state.ms.us/documents/2025/html/SB/2400-2499/SB2451PS.htm)
- [As Passed (PDF)](https://billstatus.ls.state.ms.us/documents/2025/pdf/SB/2400-2499/SB2451PS.pdf)
- [Enrolled (HTML)](https://billstatus.ls.state.ms.us/documents/2025/html/SB/2400-2499/SB2451SG.htm)
- [Enrolled (PDF)](https://billstatus.ls.state.ms.us/documents/2025/pdf/SB/2400-2499/SB2451SG.pdf)

## Related
- [SB 2517: "MS Intercollegiate Athletics Compensation Rights Act" and "Uniform Athletes Ag…](https://policyrisk.com/state-bill/MS-SB2517-2025)
- [HB 856: Pharmacy Practice Act; extend repealer on and make various changes to.](https://policyrisk.com/state-bill/MS-HB856-2025)
- [HB 1341: MS Health Care Industry Zone Act; extend repealer on act and related tax incent…](https://policyrisk.com/state-bill/MS-HB1341-2025)
- [HB 958: Department of Information Technology Services; revise certain provisions relati…](https://policyrisk.com/state-bill/MS-HB958-2025)
- [HB 913: Meat labeling; require accurate labeling of meat and nonmeat products by proces…](https://policyrisk.com/state-bill/MS-HB913-2025)
- [HB 920: Distinctive motor vehicle license tag; authorize for supporters of various orga…](https://policyrisk.com/state-bill/MS-HB920-2025)
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Source: PRIA, https://policyrisk.com/state-bill/MS-SB2451-2025 (as of 2026-10-28).