l9n/ Mississippi

2012 Regular Session

House Bill 1257

Qualified equity investment tax credit; revise certain provisions regarding.

Became law as Chapter 446, Laws of 2012, signed April 19, 2012, 59 days after it was filed.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO AMEND SECTION 57-105-1, MISSISSIPPI CODE OF 1972, TO REVISE THE TIME WITHIN WHICH A QUALIFIED COMMUNITY DEVELOPMENT ENTITY ALLOCATED A QUALIFIED EQUITY INVESTMENT TAX CREDIT MUST ISSUE THE QUALIFIED EQUITY INVESTMENT FOR WHICH THE CREDIT WAS ALLOCATED; TO DEFINE THE TERMS "NEW MARKETS TAX CREDIT TRANSACTION," "PUBLIC BENEFIT CORPORATION," "PUBLIC ENTITY OR PUBLIC ENTITIES" AND "PUBLIC PROPERTY OR FACILITIES"; TO AUTHORIZE PUBLIC ENTITIES TO CREATE PUBLIC BENEFIT CORPORATIONS FOR THE PURPOSE OF ENTERING INTO FINANCING AGREEMENTS AND ENGAGING IN NEW MARKETS TAX CREDIT TRANSACTIONS; TO AUTHORIZE PUBLIC ENTITIES TO ENTER INTO FINANCING ARRANGEMENTS IN ORDER TO TRANSFER PUBLIC PROPERTY OR FACILITIES TO OR FROM PUBLIC BENEFIT CORPORATIONS; TO AUTHORIZE PUBLIC ENTITIES AND PUBLIC BENEFIT CORPORATIONS, WITH RESPECT TO NEW MARKETS TAX CREDIT TRANSACTIONS, TO ENTER INTO FINANCING ARRANGEMENTS WITH GOVERNMENTAL, NONPROFIT OR FOR PROFIT ENTITIES IN ORDER TO LEVERAGE FUNDS NOT OTHERWISE AVAILABLE TO PUBLIC ENTITIES FOR THE ACQUISITION, CONSTRUCTION OR RENOVATION OF PROPERTIES TRANSFERRED TO A PUBLIC BENEFIT CORPORATION; TO AMEND SECTION 31-7-13, 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 House of Representatives

Its course

February 20 to April 19, 2012, 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 action13 actions on 11 days

In the House of RepresentativesFeb 20 to Mar 1322 days

Ways and MeansFeb 20 to Feb 299 days

In the SenateMar 13 to Apr 523 days

FinanceMar 20 to Apr 314 days

With the GovernorApr 5 to Apr 1914 days

Amendments

Each amendment offered, and what became of it.

  • House of Representatives floor amendmentAdopted

    Adopted Mar 13

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 20 – Mar 13

  1. Feb 20Referred to the House committee on Ways and Means
  2. Feb 29Reported from committee in the House: title sufficient, do pass
  3. Mar 12Read the third time in the House
  4. Mar 13Amended in the House
  5. Passed the House as amended

In the Senate Mar 15 – Apr 5

  1. Mar 15Sent to the Senate
  2. Mar 20Referred to the Senate committee on Finance
  3. Apr 3Reported from committee in the Senate: title sufficient, do pass
  4. Apr 5Passed the Senate

To the Governor Apr 9 – Apr 19

  1. Apr 9Returned to the House for enrolling
  2. Apr 12Enrolled bill signed in the Senate
  3. Enrolled bill signed in the House
  4. Apr 19Approved by the Governor
All 13 actions, as published
  1. Feb 20Referred To Ways and MeansHouse of Representatives
  2. Feb 29Title Suff Do PassHouse of Representatives
  3. Mar 12Read the Third TimeHouse of Representatives
  4. Mar 13AmendedHouse of Representatives
  5. Mar 13Passed As AmendedHouse of Representatives
  6. Mar 15Transmitted To SenateHouse of Representatives
  7. Mar 20Referred To FinanceSenate
  8. Apr 3Title Suff Do PassSenate
  9. Apr 5PassedSenate
  10. Apr 9Transmitted To HouseSenate
  11. Apr 12Enrolled Bill SignedSenate
  12. Apr 12Enrolled Bill SignedHouse of Representatives
  13. Apr 19Approved by GovernorGovernor