Mississippi Legislature

2000 Regular Session

Senate Bill 3007

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Bill Text

History of Actions

Background

Title

Description: Mississippi Business Finance Corporation; remove repealer on authority to issue bonds to finance economic development projects.

Bill Text: [Introduced]

History of Actions:

102/21/00(S)Referred To Finance
203/07/00(S)Died In Committee

Background Information:

Effective dateJuly 1, 2000
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
3/5ths vote requiredNo

Senate Committee:

Principal Author: Minor

Code Sections: R 057-0010-0401, R 057-0010-0403, R 057-0010-0405, R 057-0010-0407, R 057-0010-0409, R 057-0010-0411, R 057-0010-0413, R 057-0010-0415, R 057-0010-0417, R 057-0010-0419, R 057-0010-0421, R 057-0010-0423, R 057-0010-0425, R 057-0010-0427, R 057-0010-0429, R 057-0010-0431, R 057-0010-0433, R 057-0010-0435, R 057-0010-0437, R 057-0010-0439, R 057-0010-0441, R 057-0010-0443, R 057-0010-0445, R 027-0007-0022.3, RP 057-0010-0449

Title: AN ACT TO REENACT SECTIONS 57-10-401 THROUGH 57-10-445 AND SECTION 27-7-22.3, MISSISSIPPI CODE OF 1972, WHICH PROVIDE FOR THE ISSUANCE OF BONDS BY THE MISSISSIPPI BUSINESS FINANCE CORPORATION TO FINANCE ECONOMIC DEVELOPMENT PROJECTS IN ORDER TO INDUCE THE LOCATION OR EXPANSION OF MANUFACTURING FACILITIES WITHIN THIS STATE, AND PROVIDE FOR A CREDIT AGAINST STATE INCOME TAXES FOR CERTAIN COMPANIES FOR DEBT SERVICE PAID BY SUCH COMPANIES UNDER FINANCING AGREEMENTS ENTERED INTO WITH THE MISSISSIPPI BUSINESS FINANCE CORPORATION, AND PROVIDE FOR A CREDIT AGAINST STATE INCOME TAXES FOR EMPLOYEES OF CERTAIN COMPANIES WHO PAY JOB DEVELOPMENT ASSESSMENT FEES IN THE AMOUNT OF SUCH FEES; TO REPEAL SECTION 57-10-449, MISSISSIPPI CODE OF 1972, WHICH REPEALS SECTIONS 54-10-401 THROUGH 57-10-445, MISSISSIPPI CODE OF 1972, ON OCTOBER 1, 2000; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 03/07/00 at 17:42.



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