l9n/ Mississippi

2012 Regular Session

House Bill 1538

Franchise and sales tax exemption; MDA may grant to businesses that receive funds from the Industry Incentive Financing Revolving Fund.

Did not become law. It stopped in the Senate's Finance Committee on April 17, 2012. The 2012 session has ended.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO AMEND SECTIONS 27-13-5 AND 27-13-7, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO GRANT AN APPROVED BUSINESS ENTERPRISE THAT IS APPROVED FOR A LOAN OR GRANT FROM THE MISSISSIPPI INDUSTRY INCENTIVE FINANCING REVOLVING FUND, AN EXEMPTION FROM THE FRANCHISE TAX FOR A PERIOD OF TIME NOT TO EXCEED TEN YEARS; TO AUTHORIZE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO GRANT A BUSINESS ENTERPRISE THAT INVESTS A MINIMUM OF $20,000,000.00 IN BUILDINGS AND EQUIPMENT AND CREATES A MINIMUM OF FIFTY NEW FULL-TIME JOBS, AN EXEMPTION FROM THE FRANCHISE TAX FOR A PERIOD OF TIME NOT TO EXCEED TEN YEARS; TO AMEND SECTION 27-65-101, MISSISSIPPI CODE OF 1972, TO EXEMPT FROM SALES TAXATION SALES OF COMPONENT MATERIALS USED IN THE CONSTRUCTION OF A PROJECT, OR ANY ADDITION OR IMPROVEMENT TO THE PROJECT, AND SALES OR LEASES OF MACHINERY AND EQUIPMENT NOT LATER THAN THREE MONTHS AFTER THE COMPLETION OF CONSTRUCTION OF THE PROJECT, OR ANY ADDITION OR IMPROVEMENT TO THE PROJECT, TO BE USED IN THE BUILDING OR ADDITION OR IMPROVEMENT, TO AN APPROVED BUSINESS ENTERPRISE THAT RECEIVES A GRANT OR LOAN FROM THE MISSISSIPPI INDUSTRY INCENTIVE FINANCING REVOLVING FUND, IF THE MISSISSIPPI DEVELOPMENT AUTHORITY AUTHORIZES THE EXEMPTION IN AN AGREEMENT WITH THE APPROVED BUSINESS ENTERPRISE; 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

2 co-sponsors

David W. Myers, Deborah Butler Dixon

Its course

March 12 to April 17, 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 action7 actions on 6 days

In the House of RepresentativesMar 12 to Mar 2816 days

Ways and MeansMar 12 to Mar 2715 days

In the SenateMar 28 to Apr 17 · stopped20 days

FinanceApr 2 to Apr 17 · stopped15 days

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 Mar 12 – Mar 28

  1. Mar 12Referred to the House committee on Ways and Means
  2. Mar 27Reported from committee in the House: title sufficient, do pass
  3. Read the third time in the House
  4. Mar 28Passed the House

In the Senate Mar 29 – Apr 17

  1. Mar 29Sent to the Senate
  2. Apr 2Referred to the Senate committee on Finance
  3. Apr 17Died in committee in the Senate
All 7 actions, as published
  1. Mar 12Referred To Ways and MeansHouse of Representatives
  2. Mar 27Title Suff Do PassHouse of Representatives
  3. Mar 27Read the Third TimeHouse of Representatives
  4. Mar 28PassedHouse of Representatives
  5. Mar 29Transmitted To SenateHouse of Representatives
  6. Apr 2Referred To FinanceSenate
  7. Apr 17Died In CommitteeSenate