l9n/ Mississippi

2024 Regular Session

House Bill 1939

Income tax; authorize a credit for costs incurred for development of certain property in the Capitol Complex Improvement District.

Did not become law. It stopped in the Senate's Finance Committee on April 16, 2024. The 2024 session has ended.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO PROVIDE THAT THE DEPARTMENT OF FINANCE AND ADMINISTRATION SHALL ESTABLISH A PROGRAM TO PROVIDE AN INCOME TAX CREDIT FOR TAXPAYERS WHO DEVELOP PROPERTY USED OR FORMERLY USED FOR COMMERCIAL PURPOSES IN THE CAPITOL COMPLEX IMPROVEMENT DISTRICT FOR THE PURPOSE OF CONVERTING THE PROPERTY TO RESIDENTIAL USE; TO PROVIDE AN APPLICATION PROCESS FOR TAXPAYERS WHO DESIRE TO PARTICIPATE IN THE TAX CREDIT PROGRAM; TO AUTHORIZE A REFUNDABLE INCOME TAX CREDIT FOR TAXPAYERS WHO INCUR COSTS FOR THE DEVELOPMENT OF PROPERTY AS PROVIDED IN THIS ACT; TO PROVIDE FOR THE AMOUNT OF THE TAX CREDIT; TO PROVIDE THAT IF THE AMOUNT OF THE TAX CREDIT CLAIMED BY A TAXPAYER EXCEEDS THE AMOUNT OF INCOME TAX LIABILITY OF THE TAXPAYER FOR A TAXABLE YEAR, THE TAXPAYER SHALL BE ELIGIBLE TO RECEIVE A REFUND FROM THE DEPARTMENT OF REVENUE FOR THE AMOUNT OF SUCH EXCESS; TO PROVIDE THAT IN LIEU OF RECEIVING SUCH A REFUND, A TAXPAYER MAY SELL OR TRANSFER THE EXCESS PORTION OF THE TAX CREDIT TO ANY TAXPAYER HAVING A LIABILITY FOR INCOME TAXES; 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

March 21 to April 16, 2024, 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 action6 actions on 6 days

In the House of RepresentativesMar 21 to Mar 276 days

Ways and MeansMar 21 to Mar 265 days

In the SenateMar 27 to Apr 16 · stopped20 days

FinanceApr 10 to Apr 16 · stopped6 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 Mar 21 – Mar 27

  1. Mar 21Referred to the House committee on Ways and Means
  2. Mar 26Reported from committee in the House: title sufficient, do pass
  3. Mar 27Passed the House

In the Senate Mar 28 – Apr 16

  1. Mar 28Sent to the Senate
  2. Apr 10Referred to the Senate committee on Finance
  3. Apr 16Died in committee in the Senate
All 6 actions, as published
  1. Mar 21Referred To Ways and MeansHouse of Representatives
  2. Mar 26Title Suff Do PassHouse of Representatives
  3. Mar 27PassedHouse of Representatives
  4. Mar 28Transmitted To SenateHouse of Representatives
  5. Apr 10Referred To FinanceSenate
  6. Apr 16Died In CommitteeSenate