l9n/ Mississippi

2010 Regular Session

House Bill 1719

Mississippi Small Business Investment Company Act; create.

Sent to the Governor on March 16, 2010, and did not become law. The 2010 session has ended.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO CREATE THE MISSISSIPPI SMALL BUSINESS INVESTMENT COMPANY ACT; TO PROVIDE FOR AN INSURANCE PREMIUM TAX CREDIT FOR INSURANCE COMPANIES THAT INVEST DESIGNATED CAPITAL IN MISSISSIPPI SMALL BUSINESS INVESTMENT COMPANIES FOR INVESTMENT IN QUALIFIED BUSINESSES; TO DEFINE CERTAIN TERMS FOR THE PURPOSES OF THIS ACT; TO PROVIDE THAT THE AMOUNT OF THE CREDIT SHALL BE EQUAL TO EIGHTY PERCENT OF THE AMOUNT OF DESIGNATED CAPITAL BY A PARTICIPATING INVESTOR IN A MISSISSIPPI SMALL BUSINESS INVESTMENT COMPANY; TO PROVIDE THAT THE TAX CREDITS AUTHORIZED UNDER THIS ACT SHALL BE ALLOCATED BY THE MISSISSIPPI DEVELOPMENT AUTHORITY AND THAT THE AGGREGATE AMOUNT OF THE TAX CREDITS THAT MAY BE ALLOCATED TO ALL PARTICIPATING INVESTORS UNDER THIS ACT CANNOT EXCEED $100,000,000.00; TO PROVIDE FOR THE RECAPTURE OF ALL OR A PORTION OF THE CREDIT UNDER CERTAIN CIRCUMSTANCES; TO AMEND SECTION 27-15-129, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE INVESTMENTS THAT MAY REDUCE A TAXPAYER'S INSURANCE PREMIUM TAX LIABILITY UNDER SUCH SECTION SHALL NOT INCLUDE ANY INVESTMENT FOR WHICH A CREDIT IS ALLOCATED UNDER THIS ACT; 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 23 to March 19, 2010, 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 action11 actions on 7 days

In the House of RepresentativesFeb 23 to Feb 241 day

Ways and MeansFeb 23 to Feb 230 days

In the SenateFeb 24 to Mar 1620 days

FinanceFeb 26 to Mar 1113 days

With the GovernorMar 16 to Mar 19 · stopped3 days

Amendments

Each amendment offered, and what became of it.

  • Senate committee amendmentAdopted

    Adopted Mar 16

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 23 – Feb 24

  1. Feb 23Referred to the House committee on Ways and Means
  2. Reported from committee in the House: title sufficient, do pass as a committee substitute
  3. Feb 24Committee substitute adopted in the House
  4. Passed the House

In the Senate Feb 26 – Mar 16

  1. Feb 26Sent to the Senate
  2. Referred to the Senate committee on Finance
  3. Mar 11Reported from committee in the Senate: title sufficient, do pass as amended
  4. Mar 16Amended in the Senate
  5. Passed the Senate as amended

To the Governor Mar 17 – Mar 19

  1. Mar 17Returned to the House to concur in the Senate's amendments
  2. Mar 19Died on the calendar in the House
All 11 actions, as published
  1. Feb 23Referred To Ways and MeansHouse of Representatives
  2. Feb 23Title Suff Do Pass Comm SubHouse of Representatives
  3. Feb 24Committee Substitute AdoptedHouse of Representatives
  4. Feb 24PassedHouse of Representatives
  5. Feb 26Transmitted To SenateHouse of Representatives
  6. Feb 26Referred To FinanceSenate
  7. Mar 11Title Suff Do Pass As AmendedSenate
  8. Mar 16AmendedSenate
  9. Mar 16Passed As AmendedSenate
  10. Mar 17Returned For ConcurrenceSenate
  11. Mar 19Died On CalendarHouse of Representatives