Bill Text | History of Actions | Amendments | Background | Title |
Description: Economic Redevelopment Act; create and provide incentives for development of certain property.
Bill Text: [Introduced] [Committee Substitute] [Passed House] [Sent to Governor]
| 1 | 01/17 (H) Referred To Ways and Means | |
| 2 | 01/25 (H) Title Suff Do Pass Comm Sub | |
| 3 | 02/02 (H) Committee Substitute Adopted | |
| 4 | 02/02 (H) Passed | |
| 5 | 02/02 (H) Motion to Reconsider Entered | |
| 6 | 02/10 (H) Motion to Reconsider Tabled | |
| 7 | 02/11 (H) Transmitted To Senate | |
| 8 | 02/15 (S) Referred To Finance | |
| 9 | 03/01 (S) Title Suff Do Pass As Amended | |
| 10 | 03/07 (S) Amended | |
| 11 | 03/07 (S) Passed As Amended | |
| 12 | 03/09 (S) Returned For Concurrence | |
| 13 | 03/16 (H) Concurred in Amend From Senate | |
| 14 | 03/23 (S) Enrolled Bill Signed | |
| 15 | 03/23 (H) Enrolled Bill Signed | |
| 16 | 03/29 Approved by Governor |
| Adopted | [S] | Committee Amendment No 1 |
| Adopted | [S] | Amendment No 1 to Committee Amendment No 1 |
| [S] | Amendment Report for House Bill No. 1294 |
| Effective date | January 1, 2005 | |
| Disposition | Law | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Three/Fifths | |
| Chapter number | 468 |
House Committee:
Senate Committee:
Principal Author: Flaggs
Code Sections: A 027-0007-0045, A 027-0013-0005, A 027-0013-0007, A 027-0065-0075
Title: AN ACT TO CREATE THE "ECONOMIC REDEVELOPMENT ACT" TO ASSIST CERTAIN COUNTIES AND MUNICIPALITIES IN ENCOURAGING ECONOMIC REDEVELOPMENT OF CERTAIN CONTAMINATED SITES; TO AUTHORIZE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO DESIGNATE CERTAIN COUNTIES AND MUNICIPALITIES AS REDEVELOPMENT COUNTIES AND MUNICIPALITIES; TO PROVIDE THAT CERTAIN COUNTIES AND MUNICIPALITIES MAY APPLY TO THE MISSISSIPPI DEVELOPMENT AUTHORITY FOR DESIGNATION AS REDEVELOPMENT COUNTIES AND MUNICIPALITIES; TO PROVIDE AN INCENTIVE FOR PERSONS, CORPORATIONS OR OTHER ENTITIES THAT INCUR INDEBTEDNESS TO UNDERTAKE REDEVELOPMENT PROJECTS; TO CREATE THE REDEVELOPMENT INCENTIVE FUND; TO AUTHORIZE INCENTIVE PAYMENTS FROM SUCH FUND TO PERSONS, CORPORATIONS OR OTHER ENTITIES THAT INCUR INDEBTEDNESS TO UNDERTAKE REDEVELOPMENT PROJECTS; TO LIMIT THE TOTAL AGGREGATE AMOUNT OF INCENTIVE PAYMENTS THAT MAY BE PAID TO A DEVELOPER; TO AUTHORIZE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO DEVELOP A PROGRAM TO ADMINISTER THE INCENTIVE PAYMENT AUTHORIZED BY THIS ACT; TO PROVIDE THAT SALES AND USE TAXES IMPOSED ON SALES AND CERTAIN PURCHASES OF AN APPROVED BUSINESS ENTERPRISE WITHIN A REDEVELOPMENT PROJECT AREA, INCOME TAX IMPOSED ON INCOME EARNED BY AN APPROVED BUSINESS ENTERPRISE WITHIN A REDEVELOPMENT PROJECT AREA AND FRANCHISE TAX IMPOSED ON THE VALUE OF CAPITAL USED, INVESTED OR EMPLOYED BY AN APPROVED BUSINESS ENTERPRISE WITHIN A REDEVELOPMENT PROJECT AREA, SHALL BE DEPOSITED INTO THE REDEVELOPMENT PROJECT INCENTIVE FUND; TO AMEND SECTIONS 27-7-45, 27-13-5, 27-13-7 AND 27-65-75, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; AND FOR RELATED PURPOSES.
End Of Document
2005/html/History/HB/HB1294.htm