House Bill 117

AN ACT TO CREATE THE MISSISSIPPI DEVELOPMENT AUTHORITY JOB TRAINING GRANT FUND; TO PROVIDE THAT MONEY IN THE FUND SHALL BE USED FOR THE PURPOSE OF MAKING TRAINING GRANTS TO COMMUNITY OR JUNIOR COLLEGES, PUBLIC UNIVERSITIES AND WORKFORCE INVESTMENT AREAS TO PAY A PORTION OF THE COSTS OF PROVIDING TRAINING OR RETRAINING FOR EMPLOYEES OF BUSINESS ENTERPRISES THAT ARE ELIGIBLE FOR THE JOBS TAX CREDIT AUTHORIZED UNDER SECTION 57-73-21, MISSISSIPPI CODE OF 1972; TO PROVIDE THAT THE FUND SHALL BE ADMINISTERED BY THE MISSISSIPPI DEVELOPMENT AUTHORITY; TO PROVIDE THAT A BUSINESS ENTERPRISE THAT CHOOSES TO UTILIZE SUCH A TRAINING GRANT SHALL NOT BE ELIGIBLE FOR THE JOBS TAX CREDIT AUTHORIZED IN SECTION 57-73-21, MISSISSIPPI CODE OF 1972; TO PROVIDE FOR THE DURATION AND AMOUNT OF THE TRAINING GRANTS; TO PROVIDE THAT THE MISSISSIPPI DEVELOPMENT AUTHORITY SHALL REQUIRE THAT THE BUSINESS ENTERPRISE SHALL ENTER INTO BINDING COMMITMENTS REQUIRING THAT A MINIMUM NUMBER OF JOBS BE MAINTAINED THAT SHALL BE NOT LESS THAN THE NUMBER OF JOBS REQUIRED TO BE ELIGIBLE FOR THE JOBS TAX CREDIT, AND THAT IF THE MINIMUM NUMBER OF JOBS ARE NOT MAINTAINED, ALL OR A PORTION OF THE GRANT FUNDS UTILIZED BY THE BUSINESS ENTERPRISE, AS DETERMINED BY THE MISSISSIPPI DEVELOPMENT AUTHORITY, SHALL BE REPAID; TO PROVIDE THAT THE LIABILITY OF THE STATE OF MISSISSIPPI TO MAKE THE TRAINING GRANTS AUTHORIZED UNDER THIS ACT SHALL BE LIMITED TO THE BALANCE CONTAINED IN THE MISSISSIPPI DEVELOPMENT AUTHORITY JOB TRAINING GRANT FUND; TO REQUIRE THE TRANSFER OF $2,000,000.00 FROM THE MMEIA TAX INCENTIVE FUND TO THE MISSISSIPPI DEVELOPMENT AUTHORITY JOB TRAINING GRANT FUND; TO AMEND SECTION 27-65-75, MISSISSIPPI CODE OF 1972, TO END THE MONTHLY DEPOSIT OF SALES TAX REVENUE IN THE AMOUNT OF $150,000.00 INTO THE MMEIA TAX INCENTIVE FUND AND PROVIDE FOR THE MONTHLY DEPOSIT OF SALES TAX REVENUE IN THE AMOUNT OF $150,000.00 INTO THE MISSISSIPPI DEVELOPMENT AUTHORITY JOB TRAINING GRANT FUND; TO AMEND SECTION 57-73-21, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; TO REPEAL SECTIONS 57-101-1, 57-101-3 AND 57-101-5, MISSISSIPPI CODE OF 1972, WHICH CREATE THE MMEIA TAX INCENTIVE FUND TO PAY A PORTION OF THE COMPONENT CONSTRUCTION MATERIAL COSTS FOR CERTAIN PROJECTS; AND FOR RELATED PURPOSES.

In the House of Representatives

• Jeffrey C. Smith

  Sponsor

• Senate committee amendmentAdopted

  Adopted Mar 7

l9n doesn't hold this bill's text yet.

In the House of Representatives Jan 11 – Feb 6

1. Jan 11Referred to the House committee on Ways and Means
2. Feb 4Reported from committee in the House: title sufficient, do pass
3. Feb 6Passed the House

In the Senate Feb 7 – Mar 7

1. Feb 7Sent to the Senate
2. Feb 12Referred to the Senate committee on Finance
3. Mar 5Reported from committee in the Senate: title sufficient, do pass as amended
4. Mar 7Amended in the Senate
5. Passed the Senate as amended

Back in the House of Representatives Mar 8 – Mar 18

1. Mar 8Returned to the House to concur in the Senate's amendments
2. Mar 12Concurred in the House in the Senate's amendments
3. Mar 18Enrolled bill signed in the House

To the Governor Mar 19 – Mar 25

1. Mar 19Enrolled bill signed in the Senate
2. Mar 25Approved by the Governor