l9n/ Mississippi

2014 Regular Session

House Bill 766

Tax credit; provide to eligible individuals who acquire and renovate surplus school property for economic development purposes.

Did not become law. It stopped in the House of Representatives on February 13, 2014. The 2014 session has ended.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO PROVIDE AN INCOME TAX CREDIT TO CERTAIN INDIVIDUALS FOR THE DEVELOPMENT AND REHABILITATION OF SURPLUS SCHOOL BUILDINGS FOR TEACHER HOUSING AND ECONOMIC DEVELOPMENT PURPOSES; TO STIPULATE THE CONDITIONS OF ELIGIBILITY FOR RECEIPT OF SUCH TAX CREDIT; TO PERMIT A 10-YEAR CARRYFORWARD FOR TAX CREDITS THAT EXCEED THE TOTAL STATE INCOME TAX LIABILITY FOR THE YEAR IN WHICH THE DEVELOPED PROPERTY IS PLACED IN SERVICE; TO PROVIDE THAT THE AGGREGATE AMOUNT OF TAX CREDITS AWARDED SHALL NOT EXCEED $80,000,000.00; TO PROVIDE AN ADDITIONAL CREDIT TO OWNERS OF ELIGIBLE PROJECTS AGAINST MISSISSIPPI INCOME TAXES IN AN AMOUNT EQUAL TO $2,500.00 PER YEAR FOR EACH TENANT THAT IS A PUBLIC SCHOOL TEACHER; TO REQUIRE THE BOARD OF TRUSTEES OF THE DEPARTMENT OF REVENUE TO ESTABLISH FEES TO BE CHARGED FOR THE SERVICES PERFORMED IN ADMINISTERING THE PROVISIONS OF THIS ACT; TO ESTABLISH A SPECIAL FUND IN THE STATE TREASURY FOR THE DEPOSIT OF FEES COLLECTED BY THE DEPARTMENT FOR ADMINISTERING THE TAX CREDIT PROGRAM; 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

January 20 to February 13, 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 action6 actions on 5 days

In the House of RepresentativesJan 20 to Feb 13 · stopped24 days

EducationJan 20 to Jan 3010 days

Ways and MeansJan 30 to Feb 34 days

EducationFeb 3 to Feb 30 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 Jan 20 – Feb 13

  1. Jan 20Referred to the House committees on Education and on Ways and Means
  2. Jan 30Reported as a committee substitute from ED to WM in the House: title sufficient, do pass
  3. Feb 3Reported as a committee substitute from WM to ED in the House: title sufficient, do pass
  4. Reported from committee in the House: title sufficient, do pass as a committee substitute
  5. Feb 12Read the third time in the House
  6. Feb 13Died on the calendar in the House
All 6 actions, as published
  1. Jan 20Referred To Education;Ways and MeansHouse of Representatives
  2. Jan 30DR - TSDPCS: ED To WMHouse of Representatives
  3. Feb 3DR - TSDPCS: WM To EDHouse of Representatives
  4. Feb 3Title Suff Do Pass Comm SubHouse of Representatives
  5. Feb 12Read the Third TimeHouse of Representatives
  6. Feb 13Died On CalendarHouse of Representatives