Mississippi Legislature
2002 1st Extraordinary Session

House Bill 1

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Bill Text

History of Actions

Amendments

Background

Title

Description: Mississippi Major Economic Impact Act; revise incentives for certain projects.

Bill Text: [Introduced] [Passed House] [Sent to Governor]

History of Actions:

1 06/21 (H) Referred To Ways and Means
2 06/21 (H) Title Suff Do Pass As Amended
3 06/21 (H) Amended
4 06/21 (H) Passed As Amended
5 06/21 (H) Transmitted To Senate
6 06/21 (S) Referred To Finance
7 06/21 (S) Title Suff Do Pass
8 06/21 (S) Amended
9 06/21 (S) Passed As Amended
10 06/21 (S) Returned For Concurrence
11 06/21 (H) Decline to Concur/Invite Conf
12 06/21 (H) Conferees Named McCoy,Morris,Smith (39th)
13 06/21 (S) Conferees Named Minor,Robertson,Horhn
14 06/21 (S) Conference Report Filed
15 06/21 (H) Conference Report Filed
16 06/21 (H) Conference Report Adopted
17 06/21 (S) Conference Report Adopted
18 06/21 (S) Enrolled Bill Signed
19 06/21 (H) Enrolled Bill Signed
20 06/21 Approved by Governor

Amendments/Conference Report:

Adopted [H] Amendment No 1
Lost [H] Amendment No 2
Adopted [S] Amendment No 1

Conference Report

Background Information:

Effective datePassage
DispositionLaw
DeadlineNone
RevenueNo
Vote type requiredThree/Fifths
Chapter number2

House Committee:

Senate Committee:

Principal Author: McCoy

Additional Authors: Morris, Smith (39th)

Code Sections: A 057-0075-0005, A 057-0075-0011, A 057-0075-0015, A 027-0007-0312

Title: AN ACT TO AMEND SECTION 57-75-5, MISSISSIPPI CODE OF 1972, TO REVISE THE DEFINITION OF THE TERM "PROJECT" FOR PURPOSES OF THE MISSISSIPPI MAJOR ECONOMIC IMPACT ACT TO REVISE THE TYPE OF JOBS THAT MAY BE CONSIDERED IN DETERMINING WHETHER A PROJECT MEETS THE MINIMUM JOBS REQUIREMENT FOR CERTAIN PROJECTS UNDER SUCH ACT; TO AUTHORIZE A FEE-IN-LIEU OF FRANCHISE TAXES TO BE NEGOTIATED BY THE MISSISSIPPI MAJOR ECONOMIC IMPACT AUTHORITY WITH ENTERPRISES OPERATING CERTAIN EXISTING PROJECTS; TO AMEND SECTION 57-75-11, MISSISSIPPI CODE OF 1972, TO INCREASE THE AGGREGATE AMOUNT OF CONTRACTS OR AGREEMENTS THAT THE MISSISSIPPI MAJOR ECONOMIC IMPACT AUTHORITY MAY ENTER INTO TO WARRANT SITE WORK AT CERTAIN PROJECTS FROM $10,000,000.00 TO $15,000,000.00; TO INCREASE THE AMOUNT AUTHORIZED FOR GRANTS TO ENTERPRISES OPERATING CERTAIN PROJECTS FROM $17,000,000.00 TO $39,000,000.00; TO AUTHORIZE THE MISSISSIPPI MAJOR ECONOMIC IMPACT AUTHORITY TO OWN CERTAIN SURFACE WATER TRANSMISSION LINES AND LEASE SUCH SURFACE WATER TRANSMISSION LINES TO PUBLIC AGENCIES OR UTILITIES; TO AMEND SECTION 57-75-15, MISSISSIPPI CODE OF 1972, TO INCREASE THE AMOUNT OF BONDS THAT MAY BE ISSUED UNDER THE MISSISSIPPI MAJOR ECONOMIC IMPACT ACT FOR CERTAIN PROJECTS FROM $295,000,000.00 TO $351,000,000.00 AND TO PROVIDE FOR THE ISSUANCE OF ADDITIONAL BONDS IN THE AMOUNT OF $12,500,000.00 FOR THE PURPOSE OF DEFRAYING THE COST OF CONSTRUCTION OF SURFACE WATER TRANSMISSION LINES FOR SUCH PROJECTS OR FOR ANY FACILITY RELATED TO THE PROJECTS; TO AMEND SECTION 27-7-312, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT WITHHOLDING TAXES MAY BE COLLECTED FROM ALL NEW DIRECT JOBS OF A QUALIFIED BUSINESS INDUSTRY UNDER THE MISSISSIPPI ADVANTAGE JOBS ACT AND DEPOSITED INTO THE MISSISSIPPI JOBS INCENTIVE PAYMENT FUND IN THE AMOUNT NECESSARY TO MAKE INCENTIVE PAYMENTS TO THE QUALIFIED BUSINESS OR INDUSTRY; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 06/24/02 at 11:26.

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