Senate Bill 2439

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 BUSINESS ENTERPRISES THAT ARE ELIGIBLE FOR THE JOBS TAX CREDIT AUTHORIZE UNDER SECTION 57-73-21; TO PROVIDE THAT THE FUND SHALL BE ADMINISTERED BY THE MISSISSIPPI DEVELOPMENT AUTHORITY; TO PROVIDE THAT A BUSINESS ENTERPRISE THAT RECEIVES SUCH A TRAINING GRANT SHALL NOT BE ELIGIBLE FOR THE JOBS TAX CREDIT AUTHORIZED IN SECTION 57-73-21; 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 RECEIVED 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 Senate

• Joey Fillingane

  Sponsor

• House of Representatives committee amendmentAdopted

  Adopted Mar 6

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

In the Senate Jan 21 – Feb 13

1. Jan 21Referred to the Senate committee on Finance
2. Feb 5Reported from committee in the Senate: title sufficient, do pass
3. Feb 13Passed the Senate

In the House of Representatives Feb 14 – Mar 6

1. Feb 14Sent to the House
2. Feb 21Referred to the House committee on Ways and Means
3. Mar 5Reported from committee in the House: title sufficient, do pass as amended
4. Mar 6Amended in the House
5. Passed the House as amended

To the Governor Mar 7 – Mar 28

1. Mar 7Returned to the Senate to concur in the House's amendments
2. Mar 28Died on the calendar in the Senate