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 1659
Income tax and corporation franchise tax; authorize a credit for investments in certain new business ventures.
What it does
The synopsis the Legislature published with the bill.
AN ACT TO AUTHORIZE AN INCOME TAX CREDIT AND CORPORATION FRANCHISE TAX CREDIT FOR A TAXPAYER THAT MAKES CERTAIN INVESTMENTS IN A QUALIFIED NEW BUSINESS VENTURE; TO DEFINE THE TERM "QUALIFIED NEW BUSINESS VENTURE" FOR THE PURPOSES OF SUCH TAX CREDITS; TO PROVIDE CERTAIN REQUIREMENTS THAT MUST BE SATISFIED IN ORDER FOR A BUSINESS TO BE ELIGIBLE FOR CERTIFICATION BY THE MISSISSIPPI DEVELOPMENT AUTHORITY AS A QUALIFIED NEW BUSINESS VENTURE; TO AMEND SECTION 27-7-9, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THERE SHALL BE NO GAIN RECOGNIZED FOR PURPOSES OF THE STATE INCOME TAX LAWS FROM THE SALE OF AN ASSET UNDER CERTAIN CIRCUMSTANCES IF THE AMOUNT REALIZED FROM THE SALE IS INVESTED IN A QUALIFIED NEW BUSINESS VENTURE OR VENTURE CAPITAL FUND; AND FOR RELATED PURPOSES.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
Its course
March 7 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 7 to Mar 12 · stopped5 days
Ways and MeansMar 7 to Mar 12 · stopped5 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 7 – Mar 12
- Mar 7Referred to the House committee on Ways and Means
- Mar 12Died in committee in the House
All 2 actions, as published
- Mar 7Referred To Ways and MeansHouse of Representatives
- Mar 12Died In CommitteeHouse of Representatives