l9n/ Mississippi

2012 Regular Session

House Bill 972

Income tax; authorize a credit for portion of costs paid by a company in relocating national or regional headquarters to this state.

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 SECTION 57-73-21, MISSISSIPPI CODE OF 1972, TO AUTHORIZE AN INCOME TAX CREDIT FOR ANY COMPANY THAT TRANSFERS OR RELOCATES ITS NATIONAL OR REGIONAL HEADQUARTERS TO THE STATE OF MISSISSIPPI FROM OUTSIDE THE STATE OF MISSISSIPPI; TO PROVIDE FOR THE AMOUNT OF THE CREDIT; TO PROVIDE THAT A MINIMUM OF TWENTY JOBS MUST BE CREATED BY THE RELOCATION IN ORDER FOR A COMPANY TO QUALIFY FOR THE CREDIT AUTHORIZED UNDER THIS ACT; 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 20 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 action9 actions on 8 days

In the House of RepresentativesFeb 20 to Mar 2736 days

Workforce DevelopmentFeb 20 to Mar 110 days

Ways and MeansMar 1 to Mar 54 days

Workforce DevelopmentMar 5 to Mar 50 days

In the SenateMar 27 to Apr 17 · stopped21 days

FinanceMar 29 to Apr 17 · stopped19 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 20 – Mar 27

  1. Feb 20Referred to the House committees on Workforce Development and on Ways and Means
  2. Mar 1Reported from WD to WM in the House: title sufficient, do pass
  3. Mar 5Reported from WM to WD in the House: title sufficient, do pass
  4. Reported from committee in the House: title sufficient, do pass
  5. Mar 13Read the third time in the House
  6. Mar 27Passed the House

In the Senate Mar 28 – Apr 17

  1. Mar 28Sent to the Senate
  2. Mar 29Referred to the Senate committee on Finance
  3. Apr 17Died in committee in the Senate
All 9 actions, as published
  1. Feb 20Referred To Workforce Development;Ways and MeansHouse of Representatives
  2. Mar 1DR - TSDP: WD To WMHouse of Representatives
  3. Mar 5DR - TSDP: WM To WDHouse of Representatives
  4. Mar 5Title Suff Do PassHouse of Representatives
  5. Mar 13Read the Third TimeHouse of Representatives
  6. Mar 27PassedHouse of Representatives
  7. Mar 28Transmitted To SenateHouse of Representatives
  8. Mar 29Referred To FinanceSenate
  9. Apr 17Died In CommitteeSenate