Did not become law. It stopped in the House of Representatives's Ways and Means Committee on February 24, 2021. The 2021 session has ended.
2021 Regular Session
House Bill 1444
Income tax; authorize a credit for investments in certain small business, authorize bonds for certain technology business assistance.
What it does
The synopsis the Legislature published with the bill.
AN ACT TO AUTHORIZE AN INCOME TAX CREDIT FOR CERTAIN ACCREDITED INVESTORS CALLED ANGEL INVESTORS FOR CASH INVESTMENTS IN THE QUALIFIED SECURITIES OF QUALIFIED BUSINESSES; TO AUTHORIZE MISSISSIPPI BUSINESSES TO APPLY TO INNOVATE MISSISSIPPI FOR DESIGNATION AS A QUALIFIED MISSISSIPPI SMALL BUSINESS; TO PROVIDE THE REQUISITES FOR DESIGNATION AS A QUALIFIED MISSISSIPPI SMALL BUSINESS; TO PROVIDE FOR THE DURATION OF SUCH DESIGNATION; TO REQUIRE INNOVATE MISSISSIPPI TO COMPILE A LIST OF QUALIFIED MISSISSIPPI SMALL BUSINESSES; TO REQUIRE INVESTORS TO APPLY TO INNOVATE MISSISSIPPI FOR CERTIFICATION OF ELIGIBILITY FOR THE TAX CREDIT; TO PROVIDE THAT IF INNOVATE MISSISSIPPI DETERMINES THAT THE INVESTOR IS QUALIFIED, IT SHALL ISSUE TO THE INVESTOR A TAX CREDIT CERTIFICATE RESERVATION; TO LIMIT THE AMOUNT OF TAX CREDIT CERTIFICATIONS THAT MAY BE ISSUED IN FISCAL YEARS 2021, 2022, 2023 AND 2024; TO PROVIDE THE MANNER IN WHICH THE TAX CREDIT MAY BE CLAIMED; TO AUTHORIZE A SINGLE TRANSFER OR SALE TO ANOTHER MISSISSIPPI TAXPAYER OF TAX CREDITS NOT PREVIOUSLY CLAIMED; TO REQUIRE THE DEPARTMENT OF REVENUE, INNOVATE MISSISSIPPI AND THE STATE TREASURER TO EACH PREPARE A REPORT CONCERNING THE EFFECTIVENESS OF THIS ACT IN PROMOTING THE ESTABLISHMENT AND GROWTH OF MISSISSIPPI SMALL BUSINESSES AND TO REQUIRE SUCH REPORTS TO BE SUBMITTED TO THE CHAIRS OF THE SENATE FINANCE COMMITTEE AND THE WAYS AND MEANS COMMITTEE OF THE HOUSE OF REPRESENTATIVES; TO AMEND SECTIONS 57-103-1, 57-103-3, 57-103-5, 57-103-7, 57-103-9 AND 57-103-11, MISSISSIPPI CODE OF 1972, WHICH CREATE THE RESEARCH AND DEVELOPMENT PROGRAM, THE MISSISSIPPI NEW TECHNOLOGY BUSINESS PROGRAM-LEVEL 1, THE MISSISSIPPI NEW TECHNOLOGY BUSINESS PROGRAM-LEVEL 2, THE RURAL INNOVATION PROGRAM-LEVEL 1, THE RURAL INNOVATION PROGRAM-LEVEL 2, AND THE MISSISSIPPI TECHNOLOGY ALLIANCE ADMINISTRATION FUND, FOR THE PURPOSE OF REFLECTING THE CHANGE OF THE NAME OF THE MISSISSIPPI TECHNOLOGY ALLIANCE TO INNOVATE MISSISSIPPI; TO REVISE THE AMOUNT OF ASSISTANCE THAT MAY BE PROVIDED UNDER THE RESEARCH AND DEVELOPMENT PROGRAM, THE MISSISSIPPI NEW TECHNOLOGY BUSINESS PROGRAM-LEVEL 1 AND THE MISSISSIPPI NEW TECHNOLOGY BUSINESS PROGRAM-LEVEL 2; TO REVISE CERTAIN PROVISIONS REGARDING THE REPAYMENT OF ASSISTANCE RECEIVED UNDER THE RURAL INNOVATION PROGRAM-LEVEL 1; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS FOR THE PURPOSES OF PROVIDING FUNDS FOR THE RESEARCH AND DEVELOPMENT PROGRAM, THE MISSISSIPPI NEW TECHNOLOGY BUSINESS PROGRAM-LEVEL 1, THE MISSISSIPPI NEW TECHNOLOGY BUSINESS PROGRAM-LEVEL 2, THE RURAL INNOVATION PROGRAM-LEVEL 1, AND THE MISSISSIPPI TECHNOLOGY ALLIANCE ADMINISTRATION 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
Its course
February 22 to February 24, 2021, 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 22 to Feb 24 · stopped2 days
Ways and MeansFeb 22 to Feb 24 · stopped2 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 22 – Feb 24
- Feb 22Referred to the House committee on Ways and Means
- Feb 24Died in committee in the House
All 2 actions, as published
- Feb 22Referred To Ways and MeansHouse of Representatives
- Feb 24Died In CommitteeHouse of Representatives