l9n/ Mississippi

2009 Regular Session

House Bill 1635

Economic development; provide certain additional incentives for existing industries.

Did not become law. It stopped in the House of Representatives's Ways and Means Committee on February 25, 2009. The 2009 session has ended.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO PROVIDE FOR INCENTIVE PAYMENTS TO EXISTING INDUSTRIES FOR A PERIOD NOT TO EXCEED TWO YEARS; TO PROVIDE FOR THE AMOUNT OF THE INCENTIVE PAYMENTS; TO PROVIDE THAT THE PAYMENTS SHALL BE BASED ON THE WAGES AND TAXABLE BENEFITS OR THE AMOUNT OF STATE INCOME TAX WITHHELD FOR QUALIFIED JOBS CREATED; TO PROVIDE THAT IN ORDER TO QUALIFY FOR SUCH PAYMENTS, A CERTAIN NUMBER OF JOBS MUST BE CREATED AND MAINTAINED BY THE EXISTING INDUSTRY; TO CREATE A SPECIAL FUND IN THE STATE TREASURY INTO WHICH SHALL BE DEPOSITED A CERTAIN PORTION OF THE WITHHOLDING TAXES PAID BY THE EXISTING INDUSTRY; TO PROVIDE THAT MONIES IN THE SPECIAL FUND SHALL BE USED TO MAKE THE REQUIRED INCENTIVE PAYMENTS; TO PROVIDE THAT CLAIMS FOR INCENTIVE PAYMENTS SHALL BE FILED WITH THE STATE TAX COMMISSION; TO PROVIDE THAT THE STATE TAX COMMISSION SHALL VERIFY THE ELIGIBILITY OF THE EXISTING INDUSTRY FOR THE INCENTIVE PAYMENTS; TO AMEND SECTION 27-7-312, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; TO AMEND SECTION 57-73-21, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT CERTAIN BUSINESS ENTITIES THAT ACQUIRE A BUSINESS ENTERPRISE THAT HAS CEASED OPERATION AND LAID OFF ALL ITS EMPLOYEES, MAY CONTINUE OPERATION OF THE ENTERPRISE IN THE SAME OR A SIMILAR TYPE OF BUSINESS AND BE ELIGIBLE FOR CERTAIN JOBS TAX CREDITS; TO AMEND SECTION 57-93-1, MISSISSIPPI CODE OF 1972, TO AUTHORIZE LOANS UNDER THE MISSISSIPPI EXISTING INDUSTRY PRODUCTIVITY LOAN PROGRAM TO BE UTILIZED BY EXISTING INDUSTRIES, COUNTIES AND MUNICIPALITIES FOR THE PURCHASE OR REFINANCING OF LAND, BUILDINGS OR EQUIPMENT; TO REMOVE THE PROVISION THAT LIMITS THE MAXIMUM AMOUNT OF A LOAN UNDER SUCH PROGRAM; TO PROVIDE THAT THE INTEREST RATES ON SUCH LOANS SHALL BE SET BY THE MISSISSIPPI DEVELOPMENT AUTHORITY; TO AUTHORIZE THE ISSUANCE OF GENERAL OBLIGATION BONDS IN THE AMOUNT OF $70,000,000.00 FOR THE MISSISSIPPI EXISTING INDUSTRY PRODUCTIVITY LOAN 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.

In the House of Representatives

Its course

February 6 to February 25, 2009, 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 6 to Feb 25 · stopped19 days

Ways and MeansFeb 6 to Feb 25 · stopped19 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 6 – Feb 25

  1. Feb 6Referred to the House committee on Ways and Means
  2. Feb 25Died in committee in the House
All 2 actions, as published
  1. Feb 6Referred To Ways and MeansHouse of Representatives
  2. Feb 25Died In CommitteeHouse of Representatives