Did not become law. It stopped in the House of Representatives's Ways and Means Committee on March 12, 2008. The 2008 session has ended.
2008 Regular Session
House Bill 1526
Qualified equity investment tax credit; rev. credit det., req. application fee/rev. time in which investment must be issued.
What it does
The synopsis the Legislature published with the bill.
AN ACT TO AMEND SECTION 57-105-1, MISSISSIPPI CODE OF 1972, TO REVISE THE DEFINITION OF THE TERM "APPLICABLE PERCENTAGE" FOR PURPOSES OF THE INCOME TAX CREDIT FOR TAXPAYERS HOLDING QUALIFIED EQUITY INVESTMENTS; TO CLARIFY THE YEARS BEYOND WHICH SUCH CREDIT MAY BE CARRIED FORWARD; TO PROVIDE THAT ONE-THIRD OF THE MAXIMUM AMOUNT OF THE CREDIT THAT MAY BE ALLOCATED BY THE MISSISSIPPI DEVELOPMENT AUTHORITY IN ANY ONE FISCAL YEAR MAY BE FOR INSURANCE PREMIUM TAXES; TO REQUIRE THAT A QUALIFIED COMMUNITY DEVELOPMENT ENTITY SUBMIT AN APPLICATION FEE TO THE MISSISSIPPI DEVELOPMENT AUTHORITY WHEN APPLYING FOR TAX CREDITS FOR QUALIFIED EQUITY INVESTMENTS TAX CREDITS; TO REVISE THE TIME IN WHICH A QUALIFIED COMMUNITY DEVELOPMENT ENTITY MUST ISSUE A QUALIFIED EQUITY INVESTMENT AFTER THE MISSISSIPPI DEVELOPMENT AUTHORITY ALLOCATES A TAX CREDIT FOR SUCH INVESTMENT; TO PROVIDE THAT IF UPON FINAL DOCUMENTATION OF THE QUALIFIED LOW-INCOME EQUITY INVESTMENTS THE AMOUNT OF THE INVESTMENTS IS LOWER THAN THE AMOUNT ESTIMATED THE MISSISSIPPI DEVELOPMENT AUTHORITY SHALL ADJUST THE TAX CREDIT; AND FOR RELATED PURPOSES.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
In the House of Representatives
Sponsor
Its course
February 25 to March 12, 2008, on one scale. In the top row each mark is a day something happened; taller marks are busier days.
Each committee stop sits inside its chamber.
Every action2 actions on 2 days
In the House of RepresentativesFeb 25 to Mar 12 · stopped16 days
Ways and MeansFeb 25 to Mar 12 · stopped16 days
Text
Each version as the Legislature printed it.
l9n doesn't hold this bill's text yet.
What happened
In l9n's words, one line for each step. Every action as the Legislature published it is below.
In the House of Representatives Feb 25 – Mar 12
- Feb 25Referred to the House committee on Ways and Means
- Mar 12Died in committee in the House
All 2 actions, as published
- Feb 25Referred To Ways and MeansHouse of Representatives
- Mar 12Died In CommitteeHouse of Representatives