Mississippi Legislature
2005 Regular Session

House Bill 1341

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Bill Text

History of Actions

Amendments

Background

Title

Description: Taxation; income tax credit incentives for certain activities at brownfield sites.

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

History of Actions:

1 01/17 (H) Referred To Ways and Means
2 02/21 (H) Title Suff Do Pass Comm Sub
3 02/22 (H) Read the Third Time
4 02/23 (H) Committee Substitute Adopted
5 02/23 (H) Passed
6 02/24 (H) Transmitted To Senate
7 02/24 (S) Referred To Environment Prot, Cons and Water Res;Finance
8 03/10 (S) DR - TSDPAA: EP To FI
9 03/10 (S) Title Suff Do Pass As Amended
10 03/14 (S) Amended
11 03/14 (S) Passed As Amended
12 03/15 (S) Returned For Concurrence
13 03/16 (H) Decline to Concur/Invite Conf
14 03/21 (H) Conferees Named Watson,Franks,Cummings
15 03/23 (S) Conferees Named Moffatt,Robertson,Albritton
16 03/26 (H) Conference Report Filed
17 03/26 (S) Conference Report Filed
18 03/27 (S) Conference Report Adopted
19 03/28 (H) Conference Report Adopted
20 04/03 (S) Enrolled Bill Signed
21 04/03 (H) Enrolled Bill Signed
22 04/21 Approved by Governor

Amendments/Conference Report:

Adopted [S] Committee Amendment No 1
   
[S] Amendment Report for House Bill No. 1341

Conference Report

Background Information:

Effective dateJanuary 1, 2005
DispositionLaw
DeadlineRevenue
RevenueYes
Vote type requiredThree/Fifths
Chapter number497

House Committee:

Senate Committees:

Principal Author: Franks

Code Sections: A 057-0001-0301, A 057-0001-0303, A 057-0001-0307, 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 CREATE A NEW SECTION TO BE CODIFIED AS SECTION 27-7-22.16, MISSISSIPPI CODE OF 1972, WHICH AUTHORIZES AN INCOME TAX CREDIT FOR REMEDIATION COST INCURRED AT A BROWNFIELD AGREEMENT SITE; TO DEFINE CERTAIN TERMS; TO PRESCRIBE THE AMOUNT OF THE INCOME TAX CREDIT; TO REQUIRE THE COMMISSION ON ENVIRONMENTAL QUALITY TO CERTIFY THOSE BROWNFIELD PROPERTIES THAT HAVE BEEN REMEDIATED; TO PROVIDE FOR SUBMISSION OF SUPPORTING INFORMATION TO THE STATE TAX COMMISSION; TO AMEND SECTION 57-1-301, MISSISSIPPI CODE OF 1972, TO MODIFY THE DEFINITION OF CAPITAL IMPROVEMENT TO INCLUDE BROWNFIELD SITE REMEDIATION; TO AMEND SECTION 57-1-303, MISSISSIPPI CODE OF 1972, TO CREATE THE LOCAL GOVERNMENTS BROWNFIELDS REDEVELOPMENT GRANT FUND AND PROGRAM; TO AMEND SECTION 57-1-307, MISSISSIPPI CODE OF 1972, TO INCREASE THE AMOUNT OF GENERAL OBLIGATION BONDS AUTHORIZED TO BE ISSUED UNDER THE LOCAL GOVERNMENTS AND CAPITAL IMPROVEMENTS REVOLVING LOAN PROGRAM; TO DEDICATE A PORTION OF THE PROCEEDS OF THE ADDITIONAL BONDS FOR LOANS TO LOCAL GOVERNMENTS FOR BROWNFIELDS SITE REMEDIATION; TO REQUIRE THE PLACEMENT OF A PORTION OF THE INTEREST EARNINGS ON THE PROCEEDS OF THE ADDITIONAL BONDS AUTHORIZED IN THIS ACT TO BE PAID INTO THE LOCAL GOVERNMENTS BROWNFIELDS REDEVELOPMENT GRANT FUND; TO AMEND SECTION 57-73-21, MISSISSIPPI CODE OF 1972, TO AUTHORIZE A JOB TAX CREDIT FOR COMMERCIAL AND INDUSTRIAL PROPERTY OWNERS CLEANING UP A BROWNFIELD AGREEMENT SITE UNDER THE MISSISSIPPI BROWNFIELDS VOLUNTARY CLEANUP AND REDEVELOPMENT ACT; TO SPECIFY THE AMOUNT OF THE JOB TAX CREDIT; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 04/21/05 at 18:46.

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