l9n/ Mississippi

2012 Regular Session

House Bill 502

Economically Distressed Municipalities Development Act; create.

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 CREATE THE "ECONOMICALLY DISTRESSED MUNICIPALITIES DEVELOPMENT ACT" TO ASSIST CERTAIN MUNICIPALITIES IN ENCOURAGING ECONOMIC DEVELOPMENT; TO AUTHORIZE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO DESIGNATE CERTAIN MUNICIPALITIES AS ECONOMICALLY DISTRESSED MUNICIPALITIES; TO PROVIDE THAT CERTAIN MUNICIPALITIES MAY APPLY TO THE MISSISSIPPI DEVELOPMENT AUTHORITY FOR DESIGNATION AS ECONOMICALLY DISTRESSED MUNICIPALITIES; TO PROVIDE INCENTIVES IN THE FORM OF TEMPORARY LOCAL AD VALOREM TAX EXEMPTIONS, STATE INCOME TAX, FRANCHISE TAX AND SALES TAX EXEMPTIONS AND LOANS FOR APPROVED BUSINESS ENTERPRISES THAT LOCATE OR EXPAND IN ECONOMICALLY DISTRESSED MUNICIPALITIES; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS FOR THE LOANS AUTHORIZED UNDER THIS ACT; TO AMEND SECTIONS 27-7-21, 27-13-5, 27-13-7 AND 27-65-101, MISSISSIPPI CODE OF 1972, TO CONFORM TO THE PROVISIONS OF 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

2 co-sponsors

Bryant W. Clark, Adrienne Wooten

Its course

February 13 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 2 days

In the House of RepresentativesFeb 13 to Mar 28 · stopped44 days

Ways and MeansFeb 13 to Mar 28 · stopped44 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 Feb 13 – Mar 28

  1. Feb 13Referred to the House committees on Ways and Means and on Municipalities
  2. Mar 28Died in committee in the House
All 2 actions, as published
  1. Feb 13Referred To Ways and Means;MunicipalitiesHouse of Representatives
  2. Mar 28Died In CommitteeHouse of Representatives