Did not become law. It stopped in the House of Representatives's Revenue and Expenditure General Bills Committee on February 23, 2016. The 2016 session has ended.
2016 Regular Session
House Bill 434
Hotel renovation projects sales tax incentive; authorize for certain projects.
What it does
The synopsis the Legislature published with the bill.
AN ACT TO CREATE AN INCENTIVE FOR PERSONS, CORPORATIONS OR OTHER ENTITIES TO REPAIR AND RENOVATE HOTELS IN THIS STATE; TO CREATE THE HOTEL RENOVATION PROJECTS SALES TAX INCENTIVE FUND; TO AUTHORIZE CERTAIN INCENTIVE PAYMENTS FROM SUCH FUND TO APPROVED PARTICIPANTS THAT INCUR COSTS TO REPAIR AND RENOVATE HOTELS IN THIS STATE; TO PROVIDE THAT INCENTIVE PAYMENTS SHALL CEASE ON THE OCCURRENCE OF THE EARLIER OF THE DATE THAT AN AGGREGATE AMOUNT OF 20% OF THE APPROVED PROJECT COSTS INCURRED BY AN APPROVED PARTICIPANT FOR A PROJECT HAS BEEN PAID TO THE APPROVED PARTICIPANT OR 10 YEARS AFTER THE DATE OF COMMENCEMENT OF INCENTIVE PAYMENTS TO AN APPROVED PARTICIPANT FOR A PROJECT; TO REQUIRE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO ADMINISTER THE PROGRAM; TO AMEND SECTION 27-65-75, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT 25% OF THE SALES TAX REVENUE COLLECTED FROM THE OPERATION OF A PROJECT RELATED TO THE RENTAL OF GUEST ROOMS OR SUITES AND CONFERENCE ROOMS SHALL BE DEPOSITED, AFTER CERTAIN DIVERSIONS, INTO THE HOTEL RENOVATION PROJECTS SALES TAX INCENTIVE FUND; 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
Sponsor
Its course
February 8 to February 23, 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 Feb 23 · stopped15 days
Revenue and Expenditure General BillsFeb 8 to Feb 23 · stopped15 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 – Feb 23
- Feb 8Referred to the House committee on Revenue and Expenditure General Bills
- Feb 23Died in committee in the House
All 2 actions, as published
- Feb 8Referred To Revenue and Expenditure General BillsHouse of Representatives
- Feb 23Died In CommitteeHouse of Representatives