Did not become law. It stopped in the Senate's Finance Committee on February 25, 2015. The 2015 session has ended.
2015 Regular Session
Senate Bill 2816
Taxes; exempt public property or facilities financed by New Market Tax Credit transaction from certain taxes.
What it does
The synopsis the Legislature published with the bill.
AN ACT TO AMEND SECTION 57-105-1, MISSISSIPPI CODE OF 1972, TO EXEMPT FROM ALL TAXATION IN THE STATE OF MISSISSIPPI EXCEPT THE CONTRACTORS TAX ALL MORTGAGES OR DEEDS OF TRUST EXECUTED AS SECURITY FOR PUBLIC PROPERTY OR FACILITIES BY PUBLIC BENEFIT CORPORATIONS, ALL LEASE, LOAN OR PURCHASE AGREEMENTS MADE BY PUBLIC BENEFIT CORPORATIONS FOR PUBLIC PROPERTY OR FACILITIES, AND ALL PURCHASES REQUIRED TO ESTABLISH THE PUBLIC PROPERTY OR FACILITIES FINANCED BY THE PROCEEDS FROM NEW MARKETS TAX CREDIT TRANSACTIONS OR RELATED TRANSACTIONS; TO EXEMPT FROM ALL TAXATION IN THE STATE OF MISSISSIPPI ALL PUBLIC PROPERTY OR FACILITIES FINANCED BY THE PROCEEDS FROM NEW MARKETS TAX CREDIT TRANSACTIONS OR RELATED TRANSACTIONS AND THE REVENUE DERIVED FROM ANY LEASE THEREOF FROM ALL TAXATION IN THE STATE OF MISSISSIPPI, EXCEPT THE CONTRACTOR'S TAX AND INCOME TAX; TO PROVIDE THAT NO AD VALOREM TAX EXEMPTION AUTHORIZED UNDER THIS ACT SHALL BE GRANTED UNLESS APPROVED BY THE APPROPRIATE LOCAL TAXING AUTHORITY; TO PROVIDE THAT THERE SHALL BE NO EXEMPTION FROM AD VALOREM TAXES LEVIED FOR SCHOOL DISTRICT PURPOSES; TO PROVIDE THAT AD VALOREM TAX EXEMPTIONS AUTHORIZED UNDER THIS ACT SHALL NOT EXCEED 10 YEARS FROM THE DATE OF THE COMPLETION OF THE PUBLIC PROPERTY OR FACILITY; TO AMEND SECTION 27-65-105, 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 Senate
Sponsor
Its course
January 28 to February 25, 2015, 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 action2 actions on 2 days
In the SenateJan 28 to Feb 25 · stopped28 days
FinanceJan 28 to Feb 25 · stopped28 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.