l9n/ Mississippi

2014 Regular Session

House Bill 785

Income tax; authorize a credit for costs paid by a company in relocating national or regional headquarters to this state.

Became law as Chapter 445, Laws of 2014, signed March 27, 2014, 66 days after it was filed.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO AMEND SECTION 57-73-21, MISSISSIPPI CODE OF 1972, TO AUTHORIZE AN INCOME TAX CREDIT FOR ANY COMPANY THAT TRANSFERS OR RELOCATES ITS NATIONAL OR REGIONAL HEADQUARTERS TO THE STATE OF MISSISSIPPI FROM OUTSIDE THE STATE OF MISSISSIPPI; TO PROVIDE FOR THE AMOUNT OF THE CREDIT; TO PROVIDE THAT A MINIMUM OF TWENTY JOBS MUST BE CREATED BY THE RELOCATION IN ORDER FOR A COMPANY TO QUALIFY FOR THE CREDIT AUTHORIZED UNDER THIS ACT; TO PROVIDE THAT THE MAXIMUM CUMULATIVE AMOUNT OF TAX CREDITS THAT MAY BE CLAIMED BY ALL TAXPAYERS CLAIMING A CREDIT UNDER THIS ACT IN ANY ONE STATE FISCAL YEAR SHALL NOT EXCEED $1,000,000.00, EXCLUSIVE OF CREDITS THAT MIGHT BE CARRIED FORWARD FROM PREVIOUS TAXABLE YEARS; TO PROVIDE THAT A TAX CREDIT CLAIMED UNDER THIS ACT BUT NOT USED IN A TAXABLE YEAR MAY BE CARRIED FORWARD FOR FIVE YEARS FROM THE CLOSE OF THE TAX YEAR IN WHICH THE RELOCATION COSTS WERE PAID; TO AMEND SECTIONS 57-87-3, 57-87-5, 57-87-7 AND 27-111-1, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; 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

Larry Byrd

Its course

January 20 to March 27, 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 action12 actions on 10 days

In the House of RepresentativesJan 20 to Feb 2536 days

Ways and MeansJan 20 to Jan 3010 days

In the SenateFeb 25 to Mar 1821 days

FinanceMar 5 to Mar 1712 days

With the GovernorMar 18 to Mar 279 days

Amendments

Each amendment offered, and what became of it.

  • House of Representatives floor amendmentAdopted

    Adopted Feb 25

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 25

  1. Jan 20Referred to the House committee on Ways and Means
  2. Jan 30Reported from committee in the House: title sufficient, do pass
  3. Feb 25Amended in the House
  4. Passed the House as amended

In the Senate Feb 27 – Mar 18

  1. Feb 27Sent to the Senate
  2. Mar 5Referred to the Senate committee on Finance
  3. Mar 17Reported from committee in the Senate: title sufficient, do pass
  4. Mar 18Passed the Senate

To the Governor Mar 19 – Mar 27

  1. Mar 19Returned to the House for enrolling
  2. Mar 21Enrolled bill signed in the House
  3. Enrolled bill signed in the Senate
  4. Mar 27Approved by the Governor
All 12 actions, as published
  1. Jan 20Referred To Ways and MeansHouse of Representatives
  2. Jan 30Title Suff Do PassHouse of Representatives
  3. Feb 25AmendedHouse of Representatives
  4. Feb 25Passed As AmendedHouse of Representatives
  5. Feb 27Transmitted To SenateHouse of Representatives
  6. Mar 5Referred To FinanceSenate
  7. Mar 17Title Suff Do PassSenate
  8. Mar 18PassedSenate
  9. Mar 19Returned For EnrollingSenate
  10. Mar 21Enrolled Bill SignedHouse of Representatives
  11. Mar 21Enrolled Bill SignedSenate
  12. Mar 27Approved by GovernorGovernor