Description: Income taxation; grant an income tax credit to businesses providing certain services to impoverished areas.
History of Actions:
|1||02/25/97||(S)||Referred To Finance|
|2||02/26/97||(S)||Died In Committee|
|Effective date||July 1, 1997|
|3/5ths vote required||Yes|
Principal Author: Horhn
Additional Author: Simmons
Code Section: A 057-0073-0021
Title: AN ACT TO GRANT A TAX CREDIT TO CERTAIN BUSINESSES THAT ENGAGE IN OR CONTRIBUTE TO NEIGHBORHOOD ORGANIZATIONS WHICH ENGAGE IN THE ACTIVITY OF PROVIDING CERTAIN SERVICES IN IMPOVERISHED AREAS; TO PROVIDE THE MAXIMUM DOLLAR AMOUNT OF TAX CREDIT THAT MAY BE GRANTED IN ANY ONE FISCAL YEAR; TO PROVIDE THE AMOUNT OF THE TAX CREDIT THAT MAY BE CLAIMED BY ANY BUSINESS; TO AMEND SECTION 57-73-21, MISSISSIPPI CODE OF 1972, TO INCREASE THE AMOUNT OF THE JOB TAX CREDIT; AND FOR RELATED PURPOSES.
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