Senate Bill 2922

AN ACT TO AMEND SECTION 27-7-22.31, MISSISSIPPI CODE OF 1972, TO WHICH AUTHORIZES AN INCOME TAX CREDIT FOR COSTS AND EXPENSES INCURRED FOR THE REHABILITATION OF CERTAIN HISTORIC STRUCTURES, TO PROVIDE THAT THE CREDIT SHALL NOT APPLY TO SINGLE-FAMILY DWELLING UNLESS A CERTIFICATE EVIDENCING THE ELIGIBLE CREDIT HAS BEEN ISSUED TO THE TAXPAYER BY THE DEPARTMENT OF ARCHIVES AND HISTORY THAT APPLIES TO SUCH HOME PRIOR TO JULY 1, 2016, OR THE DWELLING IS LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES; TO INCREASE THE MAXIMUM AGGREGATE AMOUNT OF TAX CREDITS THAT MAY BE AWARDED; TO LIMIT THE AMOUNT OF CREDITS THAT MAY BE AWARDED IN ANY ONE STATE FISCAL YEAR; TO GRANT PRIORITY FOR THE TAX CREDIT TO TAXPAYERS WHO WERE ISSUED A CERTIFICATE EVIDENCING THE ELIGIBLE CREDIT PRIOR TO JULY 1, 2016; TO PROVIDE THAT THE TAX CREDIT SHALL APPLY TO TAXPAYERS WHO HAVE BEEN ISSUED A CERTIFICATE EVIDENCING THE ELIGIBLE CREDIT BEFORE DECEMBER 31, 2020, OR WHO, BEFORE DECEMBER 31, 2020, HAVE RECEIVED A DETERMINATION IN WRITING FROM THE MISSISSIPPI DEPARTMENT OF ARCHIVES AND HISTORY THAT THE REHABILITATION IS CONSISTENT WITH THE HISTORIC CHARACTER OF THE PROPERTY AND THAT THE PROPERTY MEETS THE UNITED STATES SECRETARY OF THE INTERIOR'S STANDARDS FOR REHABILITATION AND WHO ARE ISSUED A CERTIFICATE EVIDENCING THE ELIGIBLE CREDIT ON OR AFTER DECEMBER 31, 2020; TO AMEND SECTION 27-31-104, MISSISSIPPI CODE OF 1972, AS AMENDED BY HOUSE BILL NO. 1, 2016 FIRST EXTRAORDINARY SESSION, TO PROVIDE THAT A FEE-IN-LIEU OF AD VALOREM TAXES AGREEMENT MAY EXTEND FOR UP TO 20 YEARS FROM THE COMMENCEMENT OF THE FEE-IN-LIEU PERIOD GRANTED THEREIN, HOWEVER, NO PARTICULAR PARCEL OF LAND, REAL PROPERTY IMPROVEMENT OR ITEM OF PERSONAL PROPERTY SHALL BE SUBJECT TO A FEE-IN-LIEU OF AD VALOREM TAXES FOR A DURATION OF MORE THAN TEN YEARS; TO AMEND SECTION 57-26-1, MISSISSIPPI CODE OF 1972, TO REVISE THE DEFINITION OF THE TERMS "APPROVED PROJECT COSTS" AND "TOURISM PROJECT" UNDER THE TOURISM PROJECT SALES TAX INCENTIVE PROGRAM; TO AMEND SECTION 57-26-5, MISSISSIPPI CODE OF 1972, TO EXTEND UNTIL JULY 1, 2020, THE AUTHORITY OF THE MISSISSIPPI DEVELOPMENT AUTHORITY TO ISSUE CERTIFICATES DESIGNATING AN ENTITY AS AN APPROVED PARTICIPANT IN THE TOURISM PROJECT SALES TAX INCENTIVE PROGRAM; TO AMEND SECTION 57-89-7, MISSISSIPPI CODE OF 1972, TO EXTEND UNTIL JULY 1, 2017, THE AUTHORITY OF THE DEPARTMENT OF REVENUE TO APPROVE APPLICATIONS FOR A REBATE UNDER THE MISSISSIPPI MOTION PICTURE INCENTIVE ACT; TO PROVIDE THAT RAILROAD PROPERTIES AND FACILITIES OWNED BY A LIMITED LIABILITY COMPANY OR OTHER ENTITY THAT IS WHOLLY OWNED BY A RAILROAD AUTHORITY CREATED UNDER THE RAILROAD AUTHORITIES LAW SHALL BE EXEMPT FROM AD VALOREM TAXATION TO THE SAME EXTENT AS PROPERTY OWNED BY SUCH RAILROAD AUTHORITY; AND FOR RELATED PURPOSES.

In the Senate

• Joey Fillingane

  Sponsor

• Senate floor amendmentPending

• Senate floor amendmentAdopted

  Adopted Mar 16

• House of Representatives committee amendmentAdopted

  Adopted Apr 4

l9n doesn't hold this bill's text yet.

In the Senate Mar 14 – Mar 16

1. Mar 14Referred to the Senate committee on Finance
2. Mar 15Reported from committee in the Senate: title sufficient, do pass
3. Mar 16Amended in the Senate
4. Passed the Senate as amended

In the House of Representatives Mar 18 – Apr 4

1. Mar 18Sent to the House
2. Apr 1Referred to the House committee on Ways and Means
3. Apr 4Reported from committee in the House: title sufficient, do pass as amended
4. Amended in the House
5. Passed the House as amended

Back in the Senate Apr 4 – Apr 26

1. Apr 4Motion in the House to reconsider entered (Sykes, Smith and Lamar)
2. Apr 5Motion in the House to reconsider tabled
3. Returned to the Senate to concur in the House's amendments
4. Apr 6Declined in the Senate to concur, and invited a conference
5. Apr 13Conferees named in the Senate: Fillingane, Polk and Burton
6. Apr 15Conferees named in the House: Smith, Lamar and Zuber
7. Apr 16Conference report filed in the House
8. Conference report filed in the Senate
9. Apr 17Recommitted in the House to the conferees for further conference
10. Recommitted in the Senate to the conferees for further conference
11. Conference report filed in the House
12. Conference report filed in the Senate
13. Apr 18Point of order raised in the House
14. Set aside in the House until the chair rules on the point of order
15. Point of order not well taken in the House
16. Conference report adopted in the House
17. Conference report adopted in the Senate
18. Apr 26Enrolled bill signed in the Senate

To the Governor Apr 26 – May 12

1. Apr 26Enrolled bill signed in the House
2. May 12Approved by the Governor