Did not become law. It stopped in the Senate's Finance Committee on February 27, 2019. The 2019 session has ended.
2019 Regular Session
Senate Bill 2663
Historic property tax credit; expand eligibility of single-family dwelling and increase amount of credits that may be issued.
What it does
The synopsis the Legislature published with the bill.
AN ACT TO AMEND SECTION 27-7-22.31, MISSISSIPPI CODE OF 1972, WHICH AUTHORIZES AN INCOME TAX CREDIT FOR COSTS AND EXPENSES INCURRED FOR THE REHABILITATION OF CERTAIN HISTORIC STRUCTURES; TO REMOVE THE PROVISION THAT EXCLUDES SINGLE-FAMILY DWELLINGS FROM THE DEFINITION OF TERM "ELIGIBLE PROPERTY"; TO REMOVE THE PROVISION THAT AUTHORIZES THE TAXPAYER TO ELECT TO RECEIVE A 75% REBATE ON THE AMOUNT OF THE CREDIT IN EXCESS OF $250,000.00 IN LIEU OF THE TEN-YEAR CARRYFORWARD SO AS TO ALLOW THE TAXPAYER TO ELECT TO RECEIVE A REBATE ON 75% OF THE TOTAL AMOUNT OF THE CREDIT IN LIEU OF THE TEN-YEAR CARRYFORWARD; TO INCREASE BY $60,000,000.00 THE MAXIMUM AGGREGATE AMOUNT OF TAX CREDITS THAT MAY BE AWARDED UNDER THIS SECTION AND TO REMOVE THE LIMITATION ON 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, 2019; TO PROVIDE THAT THE TAX CREDIT SHALL APPLY TO TAXPAYERS WHO HAVE BEEN ISSUED A CERTIFICATE EVIDENCING THE ELIGIBLE CREDIT BEFORE DECEMBER 31, 2029, OR WHO, BEFORE DECEMBER 31, 2029, 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, 2029; 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 21 to February 27, 2019, 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 21 to Feb 27 · stopped37 days
FinanceJan 21 to Feb 27 · 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.