Senate Bill 2563

AN ACT TO CREATE "THE INCENTIVES TRANSPARENCY FOR A PROSPEROUS MISSISSIPPI ACT"; TO DEFINE TERMS; TO SET INITIAL REQUIREMENTS FOR THE AWARDING OF AN ECONOMIC INCENTIVE BY THE MISSISSIPPI DEVELOPMENT AUTHORITY TO A CERTIFIED APPLICANT FOR A QUALIFIED ECONOMIC DEVELOPMENT PROJECT, INCLUDING A FINDING BY THE AUTHORITY THAT THE PROJECT IS IN THE BEST INTERESTS OF THE STATE; TO REQUIRE THAT A CERTIFIED APPLICANT AWARDED AN ECONOMIC INCENTIVE ENTER INTO A MEMORANDUM OF UNDERSTANDING WITH THE STATE THROUGH THE AUTHORITY, CONTAINING PERFORMANCE MEASURES FOR ATTAINMENT WITHIN A PERIOD OF TIME DETERMINED BY THE MDA; TO PROVIDE THAT FAILURE TO MEET THE MEASURES WILL DISQUALIFY AN APPLICANT FROM THE AWARD OF AN ECONOMIC INCENTIVE FOR FIVE YEARS OR UNTIL THE RECIPIENT EITHER CURES THE DEFAULT OR REPAYS THE INCENTIVE, WHICHEVER OCCURS FIRST; TO REQUIRE THAT A CERTIFIED APPLICANT FILE AN ANNUAL REPORT WITH THE AUTHORITY FOR ANY QUALIFIED ECONOMIC DEVELOPMENT PROJECT FOR THE TAX YEAR ENDING DURING THE IMMEDIATELY PRECEDING CALENDAR YEAR; TO SPECIFY THE CONTENT OF THE CERTIFIED APPLICANT'S ANNUAL REPORT; TO REQUIRE THAT THE EXECUTIVE DIRECTOR OF THE AUTHORITY FILE A REPORT WITH THE STATE CONTAINING DATA FOR EACH YEAR THAT THE CERTIFIED APPLICANT RECEIVED AN ECONOMIC INCENTIVE; TO SPECIFY THE CONTENT OF THE AUTHORITY'S ANNUAL REPORT; TO CLARIFY THAT SECTIONS 2 THROUGH 6 OF THIS ACT APPLY ONLY TO CERTIFIED APPLICANTS FOR ECONOMIC INCENTIVES AWARDED AFTER JULY 1, 2020, WITH APPLICANTS AWARDED ECONOMIC INCENTIVES BEFORE THAT DATE HAVING THE OPTION OF FILING THE APPLICABLE INFORMATION VOLUNTARILY; TO AMEND SECTION 57-1-14, MISSISSIPPI CODE OF 1972, TO EXCLUDE FROM CONFIDENTIALITY INFORMATION REQUIRED TO BE INCLUDED IN THE ANNUAL REPORT; AND FOR RELATED PURPOSES.

In the Senate

• David Parker

  Sponsor

• Senate floor amendmentAdopted

  Adopted Mar 10

• House of Representatives committee amendmentAdopted

  Adopted Jun 16

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

In the Senate Feb 17 – Mar 10

1. Feb 17Referred to the Senate committee on Economic and Workforce Development
2. Feb 26Reported from committee in the Senate: title sufficient, do pass as a committee substitute
3. Mar 10Committee substitute adopted in the Senate
4. Amended in the Senate
5. Passed the Senate as amended

In the House of Representatives Mar 13 – Jun 16

1. Mar 13Sent to the House
2. Mar 25Referred to the House committees on Workforce Development and on Appropriations
3. Jun 9Reported as amended from WD to AP in the House: title sufficient, do pass
4. Reported as amended from AP to WD in the House: title sufficient, do pass
5. Reported from committee in the House: title sufficient, do pass as amended
6. Jun 16Amended in the House
7. Passed the House as amended

Back in the Senate Jun 17 – Jul 2

1. Jun 17Returned to the Senate to concur in the House's amendments
2. Jun 18Declined in the Senate to concur, and invited a conference
3. Jun 22Conferees named in the Senate: Parker, England and Norwood
4. Jun 23Conferees named in the House: Bell (21st), White and Haney
5. Conferees named in the House: Bell (21st), White and Read
6. Jun 25Conference report filed in the Senate
7. Conference report filed in the House
8. Jun 26Conference report adopted in the Senate
9. Jun 28Conference report adopted in the House
10. Jun 29Motion in the House to reconsider entered (Bell (21st))
11. Jul 1Motion in the House to reconsider tabled
12. Jul 2Enrolled bill signed in the Senate

To the Governor Jul 2 – Jul 8

1. Jul 2Enrolled bill signed in the House
2. Jul 8Approved by the Governor