l9n/ Mississippi

2014 Regular Session

House Bill 568

Qualified equity investment credits; increase amount that may be allocated by MDA in a fiscal year, increase time for issuance.

Did not become law. It stopped in the House of Representatives on March 31, 2014. The 2014 session has ended.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO AMEND SECTION 57-105-1, MISSISSIPPI CODE OF 1972, TO REVISE THE CREDIT ALLOWANCE DATE FOR THE INCOME TAX AND INSURANCE PREMIUM TAX CREDITS FOR TAXPAYERS HOLDING CERTAIN QUALIFIED INVESTMENTS; TO INCREASE FROM $15,000,000.00 TO $20,000,000.00 THE MAXIMUM AGGREGATE AMOUNT OF QUALIFIED EQUITY INVESTMENTS THAT MAY BE ALLOCATED BY THE MISSISSIPPI DEVELOPMENT AUTHORITY IN ANY ONE STATE FISCAL YEAR; TO INCREASE FROM 60 TO 120 DAYS THE PERIOD OF TIME AFTER THE MISSISSIPPI DEVELOPMENT AUTHORITY HAS ALLOCATED SUCH CREDITS TO A QUALIFIED COMMUNITY DEVELOPMENT ENTITY THAT THE CORRESPONDING QUALIFIED LOW-INCOME COMMUNITY INVESTMENT MUST BE ISSUED; TO EXTEND UNTIL JANUARY 1, 2018, THE DATE AFTER WHICH THE MISSISSIPPI DEVELOPMENT AUTHORITY SHALL NOT ALLOCATE SUCH CREDITS; 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

1 co-sponsor

John W. Hines, Sr.

Its course

January 20 to March 31, 2014, 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 action14 actions on 12 days

In the House of RepresentativesJan 20 to Feb 718 days

Ways and MeansJan 20 to Jan 299 days

In the SenateFeb 7 to Mar 627 days

FinanceFeb 17 to Mar 415 days

Back in the House of RepresentativesMar 6 to Mar 31 · stopped25 days

Amendments

Each amendment offered, and what became of it.

  • Senate committee amendmentPending

  • Senate floor amendmentPending

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 Jan 20 – Feb 7

  1. Jan 20Referred to the House committee on Ways and Means
  2. Jan 29Reported from committee in the House: title sufficient, do pass as a committee substitute
  3. Feb 7Committee substitute adopted in the House
  4. Passed the House

In the Senate Feb 11 – Mar 6

  1. Feb 11Sent to the Senate
  2. Feb 17Referred to the Senate committee on Finance
  3. Mar 4Reported from committee in the Senate: title sufficient, do pass as amended
  4. Mar 6Amended in the Senate
  5. Passed the Senate as amended

Back in the House of Representatives Mar 7 – Mar 31

  1. Mar 7Returned to the House to concur in the Senate's amendments
  2. Mar 18Declined in the House to concur, and invited a conference
  3. Mar 20Conferees named in the House: Smith (39th), Rogers (61st) and Lamar
  4. Mar 28Conferees named in the Senate: Fillingane, Kirby and Brown
  5. Mar 31Died in conference in the House
All 14 actions, as published
  1. Jan 20Referred To Ways and MeansHouse of Representatives
  2. Jan 29Title Suff Do Pass Comm SubHouse of Representatives
  3. Feb 7Committee Substitute AdoptedHouse of Representatives
  4. Feb 7PassedHouse of Representatives
  5. Feb 11Transmitted To SenateHouse of Representatives
  6. Feb 17Referred To FinanceSenate
  7. Mar 4Title Suff Do Pass As AmendedSenate
  8. Mar 6AmendedSenate
  9. Mar 6Passed As AmendedSenate
  10. Mar 7Returned For ConcurrenceSenate
  11. Mar 18Decline to Concur/Invite ConfHouse of Representatives
  12. Mar 20Conferees Named Smith (39th),Rogers (61st),LamarHouse of Representatives
  13. Mar 28Conferees Named Fillingane,Kirby,BrownSenate
  14. Mar 31Died In ConferenceHouse of Representatives