l9n/ Mississippi

2009 Regular Session

Senate Bill 2605

MS Major Economic Impact Act; revise definition of the term "project" & authorize the issuance of bonds for a project.

Became law as Chapter 302, Laws of 2009, signed February 3, 2009, 20 days after it was filed.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO AMEND SECTION 57-75-5, MISSISSIPPI CODE OF 1972, TO REVISE THE DEFINITION OF THE TERM "PROJECT" UNDER THE MISSISSIPPI MAJOR ECONOMIC IMPACT ACT TO INCLUDE CERTAIN EXISTING TIRE MANUFACTURING PLANTS; TO AMEND SECTION 57-75-11, MISSISSIPPI CODE OF 1972, TO GRANT THE MISSISSIPPI MAJOR ECONOMIC IMPACT AUTHORITY CERTAIN ADDITIONAL POWERS AND DUTIES WITH REGARD TO SUCH PROJECTS; TO AMEND SECTION 57-75-15, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS FOR SUCH PROJECTS AND TO SPECIFY THE PURPOSES FOR WHICH THE PROCEEDS OF SUCH BONDS MAY BE UTILIZED; TO EXTEND UNTIL JULY 1, 2011, THE PERIOD OF TIME DURING WHICH BONDS FOR CERTAIN PROJECTS MAY BE ISSUED; TO PROVIDE FOR INCENTIVE PAYMENTS TO QUALIFIED BUSINESSES FOR A PERIOD OF NOT TO EXCEED 10 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; TO PROVIDE THAT IN ORDER TO QUALIFY FOR SUCH PAYMENTS, A CERTAIN NUMBER OF JOBS MUST BE MAINTAINED; TO CREATE A SPECIAL FUND IN THE STATE TREASURY INTO WHICH SHALL BE DEPOSITED A CERTAIN PORTION OF THE WITHHOLDING TAXES PAID BY THE QUALIFIED BUSINESS; 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 BUSINESS FOR THE INCENTIVE PAYMENTS; TO AMEND SECTION 27-7-312, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; 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 Senate

9 co-sponsors

Hob Bryan, Jack Gordon, Alan Nunnelee, Nickey Browning, Bob M. Dearing, Joey Fillingane, Billy Hewes, Perry Lee, Haskins Montgomery

Its course

January 14 to February 3, 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 action17 actions on 10 days

In the SenateJan 14 to Jan 162 days

FinanceJan 14 to Jan 151 day

In the House of RepresentativesJan 16 to Jan 2711 days

Ways and MeansJan 22 to Jan 264 days

Back in the SenateJan 27 to Jan 281 day

With the GovernorJan 28 to Feb 36 days

Amendments

Each amendment offered, and what became of it.

  • Senate floor amendmentAdopted

    Adopted Jan 16

  • House of Representatives committee amendmentAdopted

    Adopted Jan 27

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 Senate Jan 14 – Jan 16

  1. Jan 14Referred to the Senate committee on Finance
  2. Jan 15Reported from committee in the Senate: title sufficient, do pass
  3. Jan 16Amended in the Senate
  4. Passed the Senate as amended

In the House of Representatives Jan 16 – Jan 27

  1. Jan 16Motion in the Senate to reconsider entered
  2. Jan 19Motion in the Senate to reconsider tabled
  3. Jan 20Sent to the House
  4. Jan 22Referred to the House committee on Ways and Means
  5. Jan 26Reported from committee in the House: title sufficient, do pass as amended
  6. Jan 27Amended in the House
  7. Passed the House as amended

Back in the Senate Jan 27 – Jan 28

  1. Jan 27Released in the House to be sent on at once
  2. Returned to the Senate to concur in the House's amendments
  3. Jan 28Concurred in the Senate in the House's amendments
  4. Enrolled bill signed in the Senate

To the Governor Jan 28 – Feb 3

  1. Jan 28Enrolled bill signed in the House
  2. Feb 3Approved by the Governor
All 17 actions, as published
  1. Jan 14Referred To FinanceSenate
  2. Jan 15Title Suff Do PassSenate
  3. Jan 16AmendedSenate
  4. Jan 16Passed As AmendedSenate
  5. Jan 16Motion to Reconsider EnteredSenate
  6. Jan 19Motion to Reconsider TabledSenate
  7. Jan 20Transmitted To HouseSenate
  8. Jan 22Referred To Ways and MeansHouse of Representatives
  9. Jan 26Title Suff Do Pass As AmendedHouse of Representatives
  10. Jan 27AmendedHouse of Representatives
  11. Jan 27Passed As AmendedHouse of Representatives
  12. Jan 27Immediate ReleaseHouse of Representatives
  13. Jan 27Returned For ConcurrenceHouse of Representatives
  14. Jan 28Concurred in Amend From HouseSenate
  15. Jan 28Enrolled Bill SignedSenate
  16. Jan 28Enrolled Bill SignedHouse of Representatives
  17. Feb 3Approved by GovernorGovernor