Mississippi Legislature

2000 Regular Session

House Bill 1687

Instructions Bill Status Menu




Bill Text

History of Actions

Background

Title

Description: Mississippi Brownfields Voluntary Cleanup and Redevelopment Incentives Act; create.

Bill Text: [Introduced]

History of Actions:

103/27/00(H)Referred To Conservation and Water Resources;Ways and Means
203/29/00(H)Died In Committee

Background Information:

Effective dateJanuary 1, 2001
DispositionDead
DeadlineRevenue/Appropriation
RevenueYes
3/5ths vote requiredYes

House Committees:

Principal Author: Ellington

Code Sections: A 057-0001-0301, A 057-0061-0009, A 057-0073-0021

Title: AN ACT TO CREATE THE MISSISSIPPI BROWNFIELDS VOLUNTARY CLEANUP AND REDEVELOPMENT INCENTIVES ACT; TO EXPRESS THE FINDINGS OF THE LEGISLATURE; TO AUTHORIZE A LIMITED PARTIAL EXEMPTION FROM AD VALOREM TAXES ON REAL PROPERTY FOR REDEVELOPMENT PROJECTS LOCATED ON BROWNFIELD AGREEMENT SITES; TO PROVIDE THAT THE AMOUNT OF THE AD VALOREM TAX EXEMPTION SHALL BE BASED UPON THE INCREMENTAL INCREASE BETWEEN THE CURRENT ASSESSED VALUE OF THE PROPERTY AND THE ORIGINAL ASSESSED VALUE OF THE PROPERTY; TO AMEND SECTION 57-1-301, MISSISSIPPI CODE OF 1972, TO MODIFY THE DEFINITION OF "CAPITAL IMPROVEMENT" TO INCLUDE BROWNFIELD AGREEMENT SITE REMEDIATION; TO AMEND SECTION 57-61-9, MISSISSIPPI CODE OF 1972, TO AUTHORIZE A PRIVATE MATCH OF TWO DOLLARS FOR EVERY ONE DOLLAR OF STATE ASSISTANCE FOR REDEVELOPMENT PROJECTS ON BROWNFIELD AGREEMENT SITES; TO AMEND SECTION 57-73-21, MISSISSIPPI CODE OF 1972, TO AUTHORIZE A JOB TAX CREDIT FOR REDEVELOPMENT PROJECTS ON A BROWNFIELD AGREEMENT SITE UNDER THE MISSISSIPPI BROWNFIELDS VOLUNTARY CLEANUP AND REDEVELOPMENT ACT AND TO SPECIFY THE AMOUNT OF THE JOB TAX CREDIT; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 03/29/00 at 16:05.



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