Did not become law. It stopped in the Senate's Finance Committee on March 28, 2012. The 2012 session has ended.
2012 Regular Session
Senate Bill 2947
Mississippi Health Care Industry Zone Act; create and provide certain tax credits for qualified businesses located in.
What it does
The synopsis the Legislature published with the bill.
AN ACT TO BE ENTITLED THE MISSISSIPPI HEALTH CARE INDUSTRY ZONE ACT; TO AUTHORIZE THE MISSISSIPPI DEVELOPMENT AUTHORITY (MDA) TO CERTIFY HEALTH CARE INDUSTRY ZONES IN AREAS THAT ARE LOCATED WITHIN A FIVE-MILE RADIUS OF A COUNTY WHICH HAS CERTIFICATES OF NEED OF MORE THAN 375 ACUTE CARE HOSPITAL BEDS; TO AUTHORIZE THE MDA TO CERTIFY HEALTH CARE INDUSTRY FACILITIES IN THE HEALTH CARE INDUSTRY ZONE AND CERTAIN BUSINESSES AS QUALIFIED BUSINESSES UNDER THE ACT; TO PROVIDE THAT SUCH QUALIFIED BUSINESSES SHALL BE ELIGIBLE FOR AN ACCELERATED STATE INCOME TAX DEPRECIATION DEDUCTION, FOR CERTAIN SALES TAX EXEMPTIONS, FOR AN AD VALOREM TAX EXEMPTION AND FOR A FEE-IN-LIEU OF AD VALOREM TAXES; TO PROVIDE THAT IF THE QUALIFIED BUSINESS HAS NOT CREATED THE REQUISITE NUMBER OF JOBS REQUIRED BY THIS ACT, THE HEALTH CARE INDUSTRY ZONE CERTIFICATION MAY BE REVOKED BY MDA AFTER FIVE YEARS HAVE ELAPSED FROM THE EFFECTIVE DATE OF CERTIFICATION; TO PROVIDE THAT A REVOCATION UNDER THIS SECTION SHALL NOT ACT RETROACTIVELY TO REMOVE ANY INCENTIVES GRANTED BY THIS ACT; TO AMEND SECTION 27-31-101, MISSISSIPPI CODE OF 1972, TO AUTHORIZE COUNTY BOARDS OF SUPERVISORS AND MUNICIPAL AUTHORITIES TO GRANT AN AD VALOREM TAX EXEMPTION TO HEALTH CARE INDUSTRY FACILITIES; TO AMEND SECTION 27-31-104, MISSISSIPPI CODE OF 1972, TO AUTHORIZE COUNTY BOARDS OF SUPERVISOR AND THE GOVERNING AUTHORITIES OF MUNICIPALITIES TO GRANT A FEE-IN-LIEU OF AD VALOREM TAXES TO QUALIFIED BUSINESSES AS DEFINED IN THIS ACT THAT MEET MINIMUM CRITERIA ESTABLISHED BY THE MDA; TO AMEND SECTION 27-65-101, MISSISSIPPI CODE OF 1972, TO EXEMPT FROM SALES TAXATION SALES OF MATERIALS USED IN THE CONSTRUCTION OF A HEALTH CARE INDUSTRY FACILITY, AS DEFINED IN THIS ACT, OR ANY ADDITION OR IMPROVEMENT THEREON, AND SALES OF ANY MACHINERY AND EQUIPMENT NOT LATER THAN THREE MONTHS AFTER THE COMPLETION OF CONSTRUCTION OF THE BUILDING, OR ANY ADDITION THEREON, TO BE USED IN THE BUILDING, TO QUALIFIED BUSINESSES, AS DEFINED IN 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.
Its course
March 15 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 SenateMar 15 to Mar 28 · stopped13 days
FinanceMar 15 to Mar 28 · stopped13 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.