Mississippi Legislature

1999 Regular Session

Senate Bill 2198

[Introduced]

Instructions Bill Status Menu




History of Actions

Background

Title

Description: Income tax; provide a credit for the cost of certain wildlife conservation projects.

History of Actions:

101/05/99(S)Referred To Finance;Wildlife and Fisheries
202/24/99(S)Died In Committee

Background Information:

Effective dateJanuary 1, 1999
DispositionDead
DeadlineRevenue/Appropriation
RevenueYes
3/5ths vote requiredYes

Senate Committees:

Principal Author: Posey

Title: AN ACT TO CREATE THE MISSISSIPPI FISH AND WILDLIFE INCENTIVES PROGRAM TO ENCOURAGE LANDOWNERS TO ENHANCE AND RESTORE WILDLIFE HABITATS BY GRANTING TAXPAYERS AN INCOME TAX CREDIT FOR CERTAIN COSTS THEY INCUR ON APPROVED WILDLIFE HABITAT ENHANCEMENT AND RESTORATION PROJECTS; TO PROVIDE THAT THE AMOUNT OF THE CREDIT THAT CAN BE USED BY A TAXPAYER IN A TAXABLE YEAR MAY NOT EXCEED THE AMOUNT OF INCOME TAXES DUE THE STATE FROM THE TAXPAYER; TO PROVIDE THAT EXCESS CREDITS MAY BE CARRIED FORWARD FOR THE SUCCEEDING NINE YEARS; TO PROVIDE THAT THE COMMISSION ON WILDLIFE, FISHERIES AND PARKS SHALL PROMULGATE RULES AND REGULATIONS TO GOVERN THE PROGRAM; TO PROVIDE THAT THE COMMISSION ON WILDLIFE, FISHERIES AND PARKS SHALL ESTABLISH A LIST OF APPROVED PROJECTS; TO CREATE THE MISSISSIPPI FISH AND WILDLIFE INCENTIVES COMMITTEE TO ASSIST THE COMMISSION ON WILDLIFE, FISHERIES AND PARKS REGARDING CERTAIN ASPECTS OF THIS PROGRAM; TO PRESCRIBE THE MANNER OF APPLYING FOR SUCH CREDIT; TO PROVIDE FOR THE DURATION OF PROJECTS ELIGIBLE FOR SUCH CREDIT; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/24/99 at 14:24.



End Of Document

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