House Bill 1108

AN ACT TO AUTHORIZE AN INCOME TAX CREDIT FOR CERTAIN RAILROAD RECONSTRUCTION OR REPLACEMENT EXPENDITURES AND FOR CERTAIN NEW RAIL INFRASTRUCTURE EXPENDITURES MADE BY CLASS II AND CLASS III RAILROADS; TO DEFINE CERTAIN TERMS FOR THE PURPOSES OF THIS ACT; TO PROVIDE THE AMOUNT OF THE TAX CREDIT; TO PROVIDE THAT ANY UNUSED PORTION OF THE TAX CREDIT MAY BE CARRIED FORWARD; TO PROVIDE THAT ANY UNUSED PORTION OF THE TAX CREDIT MAY BE TRANSFERRED TO ANOTHER TAXPAYER; TO AMEND SECTION 27-31-104, MISSISSIPPI CODE OF 1972, AS AMENDED BY SENATE BILL NO. 2095, 2022 REGULAR SESSION, WHICH AUTHORIZES COUNTY BOARDS OF SUPERVISORS AND MUNICIPAL GOVERNING AUTHORITIES TO ENTER INTO AGREEMENTS WITH CERTAIN ENTERPRISES GRANTING A FEE-IN-LIEU OF AD VALOREM TAXES, TO EXTEND THE REVERTER ON THE PROVISION OF LAW ALLOWING SUCH AGREEMENTS FOR PROJECTS TOTALING OVER $100,000,000.00 BY QUALIFIED BUSINESSES, AS DEFINED IN THE MISSISSIPPI HEALTH CARE INDUSTRY ZONE ACT, MEETING MINIMUM CRITERIA ESTABLISHED BY THE MISSISSIPPI DEVELOPMENT AUTHORITY; TO REVISE THE MINIMUM AMOUNT ALLOWABLE AS A FEE-IN-LIEU OF AD VALOREM TAXES FOR CERTAIN RENEWABLE ENERGY PROJECTS; TO AUTHORIZE COUNTY BOARDS OF SUPERVISORS AND MUNICIPAL GOVERNING AUTHORITIES TO AUTHORIZE A PARTIAL AD VALOREM TAX EXEMPTION FOR CERTAIN RENEWABLE ENERGY PROJECTS; TO AUTHORIZE THE BOARD OF SUPERVISORS OF A COUNTY AND/OR THE GOVERNING AUTHORITIES OF A MUNICIPALITY TO GRANT A PARTIAL AD VALOREM TAX EXEMPTION FOR NONRESIDENTIAL USE PROPERTY THAT IS BEING CONVERTED TO A RESIDENTIAL USE IN AN AMOUNT EQUAL TO THE DIFFERENCE BETWEEN THE ASSESSED VALUE OF THE PROPERTY FOR RESIDENTIAL USE AND THE ASSESSED VALUE OF THE PROPERTY FOR NONRESIDENTIAL USE; TO PROVIDE THAT THE EXEMPTION SHALL END WHEN THE PROPERTY IS OCCUPIED BY A HOMEOWNER; TO PROVIDE THE MANNER IN WHICH A REQUEST FOR SUCH EXEMPTION MUST BE MADE; AND FOR RELATED PURPOSES.

In the House of Representatives

• Jody Steverson

  Sponsor

• House of Representatives floor amendmentAdopted

  Adopted Feb 23

• Senate committee amendmentAdopted

  Adopted Mar 15

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

In the House of Representatives Jan 17 – Feb 23

1. Jan 17Referred to the House committee on Ways and Means
2. Jan 26Reported from committee in the House: title sufficient, do pass
3. Feb 22Read the third time in the House
4. Feb 23Amended in the House
5. Passed the House as amended

In the Senate Feb 24 – Mar 15

1. Feb 24Sent to the Senate
2. Feb 25Referred to the Senate committee on Finance
3. Mar 14Reported from committee in the Senate: title sufficient, do pass as amended
4. Mar 15Amended in the Senate
5. Passed the Senate as amended

Back in the House of Representatives Mar 16 – Apr 4

1. Mar 16Returned to the House to concur in the Senate's amendments
2. Mar 17Declined in the House to concur, and invited a conference
3. Mar 22Conferees named in the House: Lamar, Steverson and Massengill
4. Mar 24Conferees named in the Senate: Harkins, Whaley and Johnson
5. Mar 26Conference report filed in the House
6. Conference report filed in the Senate
7. Mar 27Recommitted in the Senate to the conferees for further conference
8. Recommitted in the House to the conferees for further conference
9. Conference report filed in the House
10. Conference report filed in the Senate
11. Mar 28Recommitted in the House to the conferees for further conference
12. Recommitted in the Senate to the conferees for further conference
13. Mar 29Suspended from deadlines by House Concurrent Resolution 89
14. Conference report filed in the House
15. Conference report filed in the Senate
16. Mar 30Conference report adopted in the House
17. Mar 31Conference report adopted in the Senate
18. Apr 4Enrolled bill signed in the House

To the Governor Apr 5 – Apr 21

1. Apr 5Enrolled bill signed in the Senate
2. Apr 21Approved by the Governor