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 1625
Income tax; increase credit authorized for payment of ad valorem taxes on products, goods and merchandise held for resale.
What it does
The synopsis the Legislature published with the bill.
AN ACT TO AMEND SECTION 27-7-22.5, MISSISSIPPI CODE OF 1972, TO INCREASE THE AMOUNT OF THE INCOME TAX CREDIT AUTHORIZED FOR MANUFACTURERS, DISTRIBUTORS, WHOLESALERS OR RETAIL MERCHANTS FOR AD VALOREM TAXES PAID ON COMMODITIES, PRODUCTS, GOODS, WARES AND MERCHANDISE HELD FOR RESALE; TO PROVIDE THAT IF SUCH AN ENTITY IS A PARTNERSHIP OR S CORPORATION, OR SIMILAR PASS-THROUGH ENTITY, AND HAS NO INCOME TAX LIABILITY OR THE AMOUNT OF THE CREDIT EXCEEDS THE TAX LIABILITY OF THE ENTITY, THEN THE UNUSED PORTION OF THE CREDIT MAY BE ALLOCATED TO THE PARTNERS, MEMBERS OR SHAREHOLDERS OF SUCH ENTITY ON A PRO RATA BASIS AND CLAIMED BY SUCH PARTNERS, MEMBERS OR SHAREHOLDERS INDIVIDUALLY AS AN INCOME 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
March 4 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 RepresentativesMar 4 to Mar 12 · stopped8 days
Ways and MeansMar 4 to Mar 12 · stopped8 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 Mar 4 – Mar 12
- Mar 4Referred to the House committee on Ways and Means
- Mar 12Died in committee in the House
All 2 actions, as published
- Mar 4Referred To Ways and MeansHouse of Representatives
- Mar 12Died In CommitteeHouse of Representatives