Mississippi Legislature

1998 Regular Session

House Bill 305

[Introduced]

Instructions Bill Status Menu





History of Actions

Background

Title

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

History of Actions:

101/06/98(H)Referred To Transportation;Ways and Means
202/25/98(H)Died In Committee

Background Information:

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

House Committees:

Principal Author: Stevens

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 02/25/98 at 17:30.



End Of Document

1998/History/HB\HB0305.htm