Mississippi Legislature

1997 Regular Session

House Bill 1392

[Introduced]

Instructions Bill Status Menu





History of Actions

Background

Title

Description: Income and franchise tax; provide credit for taxpayers providing funds for certain railroad capital improvement projects.

History of Actions:

101/20/97(H)Referred To Transportation;Ways and Means
202/26/97(H)Died In Committee

Background Information:

Effective datePassage
DispositionDead
DeadlineRevenue/Appropriation
RevenueYes
3/5ths vote requiredYes

House Committees:

Principal Author: Stevens

Additional Authors: Howell, Manning, Read, Smith (35th), Clark, Smith (27th), Malone, Reynolds, Green (34th), McBride, Bowles, Cameron, Moody, Brown, Simmons (37th), Walker, Ellis, Grist

Title: AN ACT TO PROVIDE AN INCOME AND CORPORATE FRANCHISE TAX CREDIT FOR TAXPAYERS THAT PROVIDE FUNDS THROUGH GIFT, GRANT OR DONATION TO A RAILROAD FOR ALL OR ANY PART OF CERTAIN CAPITAL IMPROVEMENT PROJECTS; TO LIMIT THE AMOUNT OF THE INCOME AND CORPORATE FRANCHISE TAX CREDIT; TO PROVIDE THAT A TAXPAYER MUST PROVIDE CERTAIN INFORMATION TO THE STATE TAX COMMISSION TO RECEIVE SUCH CREDIT; TO REQUIRE THE MISSISSIPPI DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT TO REPORT ANNUALLY TO THE LEGISLATURE REGARDING THE IMPACT OF THIS ACT; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/27/97 at 10:34.



End Of Document

1997/History/HB\HB1392.htm