Mississippi Legislature

1998 Regular Session

Senate Bill 2804

[Introduced]

Instructions Bill Status Menu





History of Actions

Background

Title

Description: Corporation franchise tax; authorize a deduction for certain large projects. (DECD).

History of Actions:

101/19/98(S)Referred To Finance
202/25/98(S)Died In Committee

Background Information:

Effective dateJuly 1, 1998
DispositionDead
DeadlineRevenue/Appropriation
RevenueYes
3/5ths vote requiredYes

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.


Information pertaining to this measure was last updated on 02/25/98 at 17:19.



End Of Document

1998/History/SB\SB2804.htm