l9n/ Mississippi

2012 Regular Session

House Bill 526

Income tax; authorize a credit for portion of costs paid by a business enterprise to expand and relocate employees to this 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 AMEND SECTION 57-73-21, MISSISSIPPI CODE OF 1972, TO AUTHORIZE AN INCOME TAX CREDIT FOR ANY PERMANENT BUSINESS ENTERPRISE THAT EXPANDS ITS LABOR FORCES INTO THE STATE OF MISSISSIPPI FROM OUTSIDE THE STATE OF MISSISSIPPI; TO PROVIDE FOR THE AMOUNT OF THE CREDIT; TO PROVIDE THAT A COMPANY MAY NOT RECEIVE A CREDIT IN AN AMOUNT GREATER THAN $1,000,000.00 FOR ANY ONE TAXABLE YEAR, AND THAT THE MAXIMUM CUMULATIVE AMOUNT OF TAX CREDITS THAT MAY BE CLAIMED BY ALL TAXPAYERS CLAIMING A CREDIT UNDER THIS ACT IN ANY ONE STATE FISCAL YEAR SHALL NOT EXCEED $3,000,000.00, EXCLUSIVE OF CREDITS THAT MIGHT BE CARRIED FORWARD FROM PREVIOUS TAXABLE YEARS; TO PROVIDE THAT A TAX CREDIT CLAIMED UNDER THIS ACT BUT NOT USED IN A TAXABLE YEAR MAY BE CARRIED FORWARD FOR FIVE YEARS FROM THE CLOSE OF THE TAX YEAR IN WHICH THE RELOCATION COSTS WERE PAID; TO AMEND SECTIONS 57-87-3, 57-87-5, 57-87-7 AND 27-111-1, 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 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 committee on Ways and Means
  2. Mar 28Died in committee in the House
All 2 actions, as published
  1. Feb 13Referred To Ways and MeansHouse of Representatives
  2. Mar 28Died In CommitteeHouse of Representatives