Did not become law. It stopped in the Senate's Finance Committee on February 21, 2018. The 2018 session has ended.
2018 Regular Session
Senate Bill 3016
Economic Development; provide state assistance and tax incentives for construction of a major theme park.
What it does
The synopsis the Legislature published with the bill.
AN ACT TO AUTHORIZE THE ISSUANCE OF GENERAL OBLIGATION BONDS TO PROVIDE FUNDS FOR THE MISSISSIPPI DEVELOPMENT AUTHORITY TO PROVIDE LOANS TO AN ENTERPRISE OPERATING A MAJOR THEME PARK THAT WILL INCLUDE CERTAIN AMENITIES WITH AN INITIAL CAPITAL INVESTMENT IN LAND, BUILDINGS AND EQUIPMENT OF NOT LESS THAN $31,000,000.00 AND WHICH WILL CREATE NOT LESS THAN 700 NEW FULL-TIME JOBS; TO AUTHORIZE A JOB TAX CREDIT FOR INCOME TAXES FOR THE ENTERPRISE OPERATING SUCH A THEME PARK FOR EACH NET NEW FULL-TIME EMPLOYEE JOB FOR A PERIOD OF TEN YEARS PROVIDED AT LEAST 700 NET NEW FULL-TIME JOBS ARE CREATED; TO AUTHORIZE COUNTY BOARDS OF SUPERVISORS AND MUNICIPAL AUTHORITIES TO GRANT EXEMPTIONS FROM AD VALOREM TAXATION ON TANGIBLE PROPERTY USED IN, OR NECESSARY TO, THE OPERATION OF SUCH A MAJOR THEME PARK; TO PROVIDE THAT THE TIME OF SUCH EXEMPTION SHALL BE FOR A PERIOD NOT TO EXCEED A TOTAL OF FIVE YEARS; TO AMEND SECTIONS 57-75-5; 57-75-11 AND 57-75-15, MISSISSIPPI CODE OF 1972, TO REVISE THE DEFINITION OF THE TERM "PROJECT" UNDER THE MISSISSIPPI MAJOR ECONOMIC IMPACT ACT TO INCLUDE SUCH A MAJOR THEME PARK; TO AUTHORIZE THE MISSISSIPPI MAJOR ECONOMIC IMPACT AUTHORITY TO MAKE GRANTS FOR CERTAIN PURPOSES TO AN ENTERPRISE OPERATING SUCH A THEME PARK; TO AUTHORIZE THE ISSUANCE OF GENERAL OBLIGATION BONDS TO PROVIDE FUNDS FOR SUCH GRANTS; TO AMEND SECTIONS 57-28-1, 57-28-3 AND 57-28-5, MISSISSIPPI CODE OF 1972, TO MAKE SUCH THEME PARKS ELIGIBLE FOR A SALES TAX REBATE OF A CERTAIN AMOUNT FOR APPROVED PROJECT COSTS INCURRED BY THE ENTERPRISE OPERATING SUCH A THEME PARK AND TO INCREASE TO 50% THE AMOUNT OF APPROVED PROJECT COSTS THAT MAY BE RECOVERED; AND FOR RELATED PURPOSES.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
Its course
February 9 to February 21, 2018, 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 SenateFeb 9 to Feb 21 · stopped12 days
FinanceFeb 9 to Feb 21 · stopped12 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.