History of Actions | Background | Title |
Description: Corporation franchise tax; authorize a deduction for certain large projects (DECD).
| 1 | 01/07/98 | (H) | Referred To Ways and Means | |
| 2 | 02/25/98 | (H) | Died In Committee |
| Effective date | July 1, 1998 | |
| Disposition | Dead | |
| Deadline | Revenue/Appropriation | |
| Revenue | Yes | |
| 3/5ths vote required | Yes |
House Committee:
Principal Author: Williams
Code Sections: A 027-0013-0009, A 027-0013-0013
Title: AN ACT TO REQUIRE THE EXCLUSION FROM THE AMOUNT OF CAPITAL EMPLOYED IN THIS STATE FOR THE PURPOSE OF CALCULATING THE CORPORATION FRANCHISE TAX, CERTAIN AMOUNTS INVESTED IN MANUFACTURING FACILITIES BY A CORPORATION THAT WILL RESULT IN AN INVESTMENT OF $300,000,000.00 OR THE CREATION OF 1500 JOBS AT SUCH FACILITY WITHIN FIVE YEARS AFTER THE PROJECT IS COMMENCED; TO LIMIT SUCH DEDUCTION TO A PERIOD OF 20 YEARS AFTER THE PROJECT COMMENCES; TO AMEND SECTIONS 27-13-9 AND 27-13-13, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; AND FOR RELATED PURPOSES.
End Of Document
1998/History/HB\HB0746.htm