l9n/ Mississippi

2016 Regular Session

House Bill 1575

Income and sales tax; job tax credit for supermarkets in economically distressed communities, sales tax exemption for materials.

Did not become law. It stopped in the House of Representatives's Revenue and Expenditure General Bills Committee on March 16, 2016. The 2016 session has ended.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO AUTHORIZE A JOB TAX CREDIT FOR SUPERMARKETS LOCATED IN ECONOMICALLY DISTRESSED COMMUNITIES IN AN AMOUNT EQUAL TO 10% OF THE PAYROLL OF THE SUPERMARKET; TO PROVIDE THAT THE AMOUNT OF THE CREDIT TAKEN IN ANY ONE TAX YEAR SHALL BE LIMITED TO AN AMOUNT NOT GREATER THAN 50% OF THE TAXPAYER'S STATE INCOME TAX LIABILITY ATTRIBUTABLE TO INCOME DERIVED FROM OPERATIONS IN THE STATE FOR THAT YEAR; TO PROVIDE THAT THE AGGREGATE AMOUNT OF TAX CREDITS THAT MAY BE AWARDED UNDER THIS ACT IN ANY ONE CALENDAR YEAR SHALL NOT EXCEED $4,000,000.00; TO AMEND SECTION 27-65-101, MISSISSIPPI CODE OF 1972, TO EXEMPT FROM SALES TAXATION SALES OF MATERIALS USED IN THE CONSTRUCTION OF A SUPERMARKET THAT IS LOCATED IN AN AREA DESIGNATED AS AN ECONOMICALLY DISTRESSED COMMUNITY PURSUANT TO THIS ACT, OR ANY ADDITION OR IMPROVEMENT THEREON, AND SALES OF ANY MACHINERY AND EQUIPMENT NOT LATER THAN THREE MONTHS AFTER THE COMPLETION OF CONSTRUCTION OF THE BUILDING, OR ANY ADDITION OR IMPROVEMENT THEREON, TO BE USED IN THE SUPERMARKET; 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

Earle S. Banks

Its course

February 8 to March 16, 2016, 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 House of RepresentativesFeb 8 to Mar 16 · stopped37 days

Revenue and Expenditure General BillsFeb 8 to Mar 16 · stopped37 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 Feb 8 – Mar 16

  1. Feb 8Referred to the House committee on Revenue and Expenditure General Bills
  2. Mar 16Died in committee in the House
All 2 actions, as published
  1. Feb 8Referred To Revenue and Expenditure General BillsHouse of Representatives
  2. Mar 16Died In CommitteeHouse of Representatives