l9n/ Mississippi

2025 Regular Session

House Bill 1201

Income tax and ad valorem tax; create incentives for developers to improve tax forfeited, blighted properties in MS.

Became law as Chapter 492, Laws of 2025, signed April 17, 2025, 87 days after it was filed.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO REQUIRE THE SECRETARY OF STATE, IN CONJUNCTION WITH THE DEPARTMENT OF REVENUE, TO ESTABLISH A PROGRAM TO PROVIDE AN INCOME TAX CREDIT FOR TAXPAYERS WHO DEVELOP BLIGHTED PROPERTY IN MISSISSIPPI FOR THE PURPOSE OF PLACING THE PROPERTY INTO USE EITHER AS AN OWNER-OCCUPIED DWELLING OR COMMERCIAL BUILDING; TO CREATE AN APPLICATION PROCESS FOR TAXPAYERS WHO DESIRE TO PARTICIPATE IN THE PROGRAM; TO AUTHORIZE A REFUNDABLE INCOME TAX CREDIT FOR TAXPAYERS WHO INCUR COSTS FOR THE DEVELOPMENT OF PROPERTY UNDER THIS ACT; TO ESTABLISH 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 IS ELIGIBLE TO CARRY THE EXCESS CREDIT FORWARD FOR TEN YEARS; TO REQUIRE THE SECRETARY OF STATE, IN CONJUNCTION WITH THE DEPARTMENT OF REVENUE, TO ESTABLISH A PROGRAM TO PROVIDE INCENTIVE PAYMENTS FOR DEVELOPERS TO DEVELOP BLIGHTED PROPERTY IN MISSISSIPPI IN ORDER TO PLACE THE PROPERTY INTO USE AND INCREASE THE VALUE OF THE PROPERTY; TO DEFINE CERTAIN TERMS; TO CREATE AN APPLICATION PROCESS FOR DEVELOPERS WHO DESIRE TO PARTICIPATE IN THE INCENTIVE PROGRAM; TO PROVIDE THAT WHEN PROPERTY IS DEVELOPED ACCORDING TO A DEVELOPMENT PLAN AND PLACED INTO USE, THE MUNICIPAL OR CHANCERY CLERK SHALL REMIT TO THE SECRETARY OF STATE CERTAIN REVENUE DERIVED FROM THE APPLICABLE MUNICIPAL OR COUNTY AD VALOREM TAX; TO REQUIRE THE SECRETARY OF STATE TO DEPOSIT THE REMITTED AMOUNTS INTO A SPECIAL FUND AND EXPEND MONIES IN THE FUND, UPON APPROPRIATION BY THE LEGISLATURE, TO PROVIDE INCENTIVE PAYMENTS TO THE DEVELOPERS; TO PRESCRIBE THE AMOUNT OF THE INCENTIVE PAYMENTS AND PERIOD OF TIME THAT INCENTIVE PAYMENTS WILL BE MADE TO DEVELOPERS; 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

15 co-sponsors

Clay Mansell, Tamarra Butler-Washington, Ronnie C. Crudup, Jill Ford, Stephanie Foster, Jonathan McMillan, Fabian Nelson, Gene Newman, Brent Powell, Fred Shanks, Lance Varner, Price Wallace, Lee Yancey, Henry Zuber III, Lawrence Blackmon

Its course

January 20 to April 17, 2025, 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 action19 actions on 16 days

In the House of RepresentativesJan 20 to Jan 299 days

Ways and MeansJan 20 to Jan 288 days

In the SenateJan 29 to Mar 1141 days

FinanceFeb 17 to Mar 415 days

Back in the House of RepresentativesMar 11 to Apr 222 days

With the GovernorApr 2 to Apr 1715 days

Amendments

Each amendment offered, and what became of it.

  • Senate committee amendmentAdopted

    Adopted Mar 11

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 Jan 20 – Jan 29

  1. Jan 20Referred to the House committee on Ways and Means
  2. Jan 28Reported from committee in the House: title sufficient, do pass
  3. Jan 29Passed the House

In the Senate Jan 30 – Mar 11

  1. Jan 30Sent to the Senate
  2. Feb 17Referred to the Senate committee on Finance
  3. Mar 4Reported from committee in the Senate: title sufficient, do pass as amended
  4. Mar 11Amended in the Senate
  5. Passed the Senate as amended

Back in the House of Representatives Mar 12 – Apr 2

  1. Mar 12Returned to the House to concur in the Senate's amendments
  2. Mar 20Declined in the House to concur, and invited a conference
  3. Mar 25Conferees named in the House: Lamar, Steverson and Barnett
  4. Mar 27Conferees named in the Senate: Harkins, Johnson and Horhn
  5. Mar 28Conference report filed in the Senate
  6. Conference report filed in the House
  7. Mar 31Conference report adopted in the House
  8. Conference report adopted in the Senate
  9. Apr 2Enrolled bill signed in the House

To the Governor Apr 3 – Apr 17

  1. Apr 3Enrolled bill signed in the Senate
  2. Apr 17Approved by the Governor
All 19 actions, as published
  1. Jan 20Referred To Ways and MeansHouse of Representatives
  2. Jan 28Title Suff Do PassHouse of Representatives
  3. Jan 29PassedHouse of Representatives
  4. Jan 30Transmitted To SenateHouse of Representatives
  5. Feb 17Referred To FinanceSenate
  6. Mar 4Title Suff Do Pass As AmendedSenate
  7. Mar 11AmendedSenate
  8. Mar 11Passed As AmendedSenate
  9. Mar 12Returned For ConcurrenceSenate
  10. Mar 20Decline to Concur/Invite ConfHouse of Representatives
  11. Mar 25Conferees Named Lamar,Steverson,BarnettHouse of Representatives
  12. Mar 27Conferees Named Harkins,Johnson,HorhnSenate
  13. Mar 28Conference Report FiledSenate
  14. Mar 28Conference Report FiledHouse of Representatives
  15. Mar 31Conference Report AdoptedHouse of Representatives
  16. Mar 31Conference Report AdoptedSenate
  17. Apr 2Enrolled Bill SignedHouse of Representatives
  18. Apr 3Enrolled Bill SignedSenate
  19. Apr 17Approved by GovernorGovernor