History of Actions | Background | Title |
Description: Corporation franchise tax; authorize a deduction for certain large projects. (DECD).
1 | 01/19/98 | (S) | Referred To Finance | |
2 | 02/25/98 | (S) | Died In Committee |
Effective date | July 1, 1998 | |
Disposition | Dead | |
Deadline | Revenue/Appropriation | |
Revenue | Yes | |
3/5ths vote required | Yes |
Senate Committee:
Principal Author: Bryan
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 1,000 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/SB\SB2804.htm