l9n/ Mississippi

2011 Regular Session

House Bill 1528

Mississippi Small Business Investment Company Act; create.

Became law as Chapter 524, Laws of 2011, signed April 26, 2011, 69 days after it was filed.

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 A PORTION OF DESIGNATED CAPITAL INVESTED 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 $50,000,000.00; 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 16 to April 26, 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 action20 actions on 14 days

In the House of RepresentativesFeb 16 to Feb 237 days

Ways and MeansFeb 16 to Feb 237 days

In the SenateFeb 23 to Mar 1520 days

FinanceFeb 25 to Mar 1013 days

Back in the House of RepresentativesMar 15 to Apr 420 days

With the GovernorApr 4 to Apr 2622 days

Amendments

Each amendment offered, and what became of it.

  • Senate committee amendmentAdopted

    Adopted Mar 15

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 16 – Feb 23

  1. Feb 16Referred to the House committee on Ways and Means
  2. Feb 23Reported from committee in the House: title sufficient, do pass as a committee substitute
  3. Committee substitute adopted in the House
  4. Passed the House

In the Senate Feb 25 – Mar 15

  1. Feb 25Sent to the Senate
  2. Referred to the Senate committee on Finance
  3. Mar 10Reported from committee in the Senate: title sufficient, do pass as amended
  4. Mar 15Amended in the Senate
  5. Passed the Senate as amended

Back in the House of Representatives Mar 16 – Apr 4

  1. Mar 16Returned to the House to concur in the Senate's amendments
  2. Mar 17Declined in the House to concur, and invited a conference
  3. Mar 21Conferees named in the House: Watson, Norquist and Cockerham
  4. Mar 22Conferees named in the Senate: Kirby, Clarke and Michel
  5. Mar 26Conference report filed in the Senate
  6. Conference report filed in the House
  7. Mar 27Conference report adopted in the Senate
  8. Mar 28Conference report adopted in the House
  9. Apr 4Enrolled bill signed in the House

To the Governor Apr 4 – Apr 26

  1. Apr 4Enrolled bill signed in the Senate
  2. Apr 26Approved by the Governor
All 20 actions, as published
  1. Feb 16Referred To Ways and MeansHouse of Representatives
  2. Feb 23Title Suff Do Pass Comm SubHouse of Representatives
  3. Feb 23Committee Substitute AdoptedHouse of Representatives
  4. Feb 23PassedHouse of Representatives
  5. Feb 25Transmitted To SenateHouse of Representatives
  6. Feb 25Referred To FinanceSenate
  7. Mar 10Title Suff Do Pass As AmendedSenate
  8. Mar 15AmendedSenate
  9. Mar 15Passed As AmendedSenate
  10. Mar 16Returned For ConcurrenceSenate
  11. Mar 17Decline to Concur/Invite ConfHouse of Representatives
  12. Mar 21Conferees Named Watson,Norquist,CockerhamHouse of Representatives
  13. Mar 22Conferees Named Kirby,Clarke,MichelSenate
  14. Mar 26Conference Report FiledSenate
  15. Mar 26Conference Report FiledHouse of Representatives
  16. Mar 27Conference Report AdoptedSenate
  17. Mar 28Conference Report AdoptedHouse of Representatives
  18. Apr 4Enrolled Bill SignedHouse of Representatives
  19. Apr 4Enrolled Bill SignedSenate
  20. Apr 26Approved by GovernorGovernor