l9n/ Mississippi

2011 Regular Session

House Bill 1311

Historic property tax credit; allow refund of excess amount of credit.

Became law as Chapter 477, Laws of 2011, signed March 30, 2011, 72 days after it was filed.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO AMEND SECTION 27-7-22.31, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT IF THE AMOUNT OF THE INCOME TAX CREDIT ALLOWED FOR COSTS AND EXPENSES INCURRED IN THE REHABILITATION OF CERTIFIED HISTORIC STRUCTURES EXCEEDS THE TAXPAYER'S TAX LIABILITY FOR THE YEAR AND THE AMOUNT OF THE TAX CREDIT ESTABLISHED BY THIS SECTION EXCEEDS $250,000.00, THE TAXPAYER MAY ELECT TO CLAIM A REFUND IN THE AMOUNT OF 75% OF THE EXCESS CREDIT IN LIEU OF THE TEN-YEAR CARRYFORWARD; TO PROVIDE THAT THE ELECTION MUST BE MADE IN THE YEAR IN WHICH THE REHABILITATED PROPERTY IS PLACED IN SERVICE; TO PROVIDE THAT REFUNDS WILL BE PAID IN EQUAL INSTALLMENTS OVER A TWO-YEAR PERIOD AND SHALL BE MADE FROM CURRENT COLLECTIONS; TO LIMIT TO $60,000,000.00 THE AGGREGATE AMOUNT OF CREDITS THAT MAY BE AWARDED UNDER THIS SECTION; TO PROVIDE THAT THIS SECTION SHALL APPLY TO TAXPAYERS WHO HAVE BEEN ISSUED A CERTIFICATE EVIDENCING THE ELIGIBLE CREDIT BEFORE DECEMBER 31, 2014, OR WHO, BEFORE DECEMBER 31, 2014, HAVE RECEIVED A DETERMINATION IN WRITING FROM THE MISSISSIPPI DEPARTMENT OF ARCHIVES AND HISTORY THAT THE REHABILITATION IS CONSISTENT WITH THE HISTORIC CHARACTER OF THE PROPERTY AND THAT THE PROPERTY MEETS THE U.S. SECRETARY OF INTERIOR'S STANDARDS FOR REHABILITATION, AND WHO ARE ISSUED A CERTIFICATE EVIDENCING THE ELIGIBLE CREDIT ON OR AFTER DECEMBER 31, 2014; 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

4 co-sponsors

Toby Barker, Bryant W. Clark, Omeria Scott, Alyce G. Clarke

Its course

January 17 to March 30, 2011, 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 action14 actions on 12 days

In the House of RepresentativesJan 17 to Feb 923 days

Ways and MeansJan 17 to Jan 269 days

In the SenateFeb 9 to Mar 928 days

FinanceFeb 15 to Mar 114 days

Back in the House of RepresentativesMar 9 to Mar 2314 days

With the GovernorMar 23 to Mar 307 days

Amendments

Each amendment offered, and what became of it.

  • Senate committee amendmentPending

  • Senate floor amendmentPending

  • Senate floor amendmentPending

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 Jan 17 – Feb 9

  1. Jan 17Referred to the House committee on Ways and Means
  2. Jan 26Reported from committee in the House: title sufficient, do pass as a committee substitute
  3. Feb 9Committee substitute adopted in the House
  4. Passed the House

In the Senate Feb 11 – Mar 9

  1. Feb 11Sent to the Senate
  2. Feb 15Referred to the Senate committee on Finance
  3. Mar 1Reported from committee in the Senate: title sufficient, do pass as amended
  4. Mar 9Amended in the Senate
  5. Passed the Senate as amended

Back in the House of Representatives Mar 10 – Mar 23

  1. Mar 10Returned to the House to concur in the Senate's amendments
  2. Mar 17Concurred in the House in the Senate's amendments
  3. Mar 23Enrolled bill signed in the House

To the Governor Mar 24 – Mar 30

  1. Mar 24Enrolled bill signed in the Senate
  2. Mar 30Approved by the Governor
All 14 actions, as published
  1. Jan 17Referred To Ways and MeansHouse of Representatives
  2. Jan 26Title Suff Do Pass Comm SubHouse of Representatives
  3. Feb 9Committee Substitute AdoptedHouse of Representatives
  4. Feb 9PassedHouse of Representatives
  5. Feb 11Transmitted To SenateHouse of Representatives
  6. Feb 15Referred To FinanceSenate
  7. Mar 1Title Suff Do Pass As AmendedSenate
  8. Mar 9AmendedSenate
  9. Mar 9Passed As AmendedSenate
  10. Mar 10Returned For ConcurrenceSenate
  11. Mar 17Concurred in Amend From SenateHouse of Representatives
  12. Mar 23Enrolled Bill SignedHouse of Representatives
  13. Mar 24Enrolled Bill SignedSenate
  14. Mar 30Approved by GovernorGovernor