l9n/ Mississippi

2025 Regular Session

House Bill 1240

Qualified equity investment tax credit; increase maximum allowed and extend date after which MDA will not allocate.

Did not become law. It stopped in the House of Representatives's Ways and Means Committee on February 4, 2025. The 2025 session has ended.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO AMEND SECTION 57-105-1, MISSISSIPPI CODE OF 1972, TO INCREASE THE AMOUNT OF TAX CREDITS THAT THE MISSISSIPPI DEVELOPMENT AUTHORITY MAY ALLOCATE DURING A STATE FISCAL YEAR UNDER THE PROGRAM THAT AUTHORIZES THE MISSISSIPPI DEVELOPMENT AUTHORITY TO ALLOCATE INCOME TAX CREDITS AND INSURANCE PREMIUM TAX CREDITS FOR TAXPAYERS HOLDING CERTAIN QUALIFIED EQUITY INVESTMENTS; TO REVISE CERTAIN PROVISIONS RELATING TO THE MISSISSIPPI DEVELOPMENT AUTHORITY ACCEPTING APPLICATIONS FOR AND THE ALLOCATION OF SUCH TAX CREDITS; TO AMEND CERTAIN PROVISIONS RELATING TO WHEN AN INVESTMENT FOR WHICH A TAX CREDIT IS ALLOCATED MUST BE MADE IF THE INVESTMENT HAS NOT BEEN MADE AS OF THE DATE OF SUCH ALLOCATION; TO EXTEND UNTIL JULY 1, 2029, THE DATE AFTER WHICH THE MISSISSIPPI DEVELOPMENT AUTHORITY SHALL NOT ALLOCATE CREDITS UNDER THE PROGRAM; 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

January 20 to February 4, 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 action2 actions on 2 days

In the House of RepresentativesJan 20 to Feb 4 · stopped15 days

Ways and MeansJan 20 to Feb 4 · stopped15 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 Jan 20 – Feb 4

  1. Jan 20Referred to the House committee on Ways and Means
  2. Feb 4Died in committee in the House
All 2 actions, as published
  1. Jan 20Referred To Ways and MeansHouse of Representatives
  2. Feb 4Died In CommitteeHouse of Representatives