2012 Regular Session

House Bill 1663

Income tax; authorize a tax credit for residential builders constructing new single-family, owner-occupied homes in certain areas in the state.

Did not become law. It stopped in the House of Representatives's Ways and Means Committee on March 28, 2012. The 2012 session has ended.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO PROVIDE AN INCOME TAX CREDIT FOR RESIDENTIAL BUILDERS THAT CONSTRUCT NEW HOMES FOR SINGLE-FAMILY, OWNER-OCCUPIED RESIDENTIAL USE IN HANCOCK, HARRISON, JACKSON, PEARL RIVER, STONE AND GEORGE COUNTIES; TO PROVIDE FOR THE AMOUNT OF THE CREDIT; TO PROVIDE THAT THE CREDIT SHALL BE FOR THE SALES TAX PAID BY THE TAXPAYER ON THE PURCHASE OF COMPONENT MATERIALS USED BY THE TAXPAYER IN THE CONSTRUCTION OF SUCH HOMES; TO LIMIT THE AMOUNT OF THE CREDIT THAT MAY BE CLAIMED IN A TAXABLE YEAR; TO PROVIDE THAT ANY UNUSED PORTION OF THE CREDIT MAY BE CARRIED FORWARD FOR THE SUCCEEDING FIVE TAX YEARS; TO PROVIDE THAT ANY PAYMENT THAT IS APPLIED TOWARD THE CREDIT AUTHORIZED IN THIS ACT MAY NOT BE USED AS A DEDUCTION BY THE TAXPAYER FOR STATE INCOME TAX PURPOSES;

Its course

March 28 to March 28, 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 action2 actions on 1 day

In the House of RepresentativesMar 28 to Mar 28 · stopped0 days

Ways and MeansMar 28 to Mar 28 · stopped0 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 28

Mar 28Referred to the House committee on Ways and Means
Died in committee in the House

All 2 actions, as published

Mar 28Referred To Ways and MeansHouse of Representatives
Mar 28Died In CommitteeHouse of Representatives