Mississippi Legislature
2005 Regular Session

House Bill 1704

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Bill Text

History of Actions

Background

Title

Description: Income taxation; establish the Smart Growth Tax Credit Act.

Bill Text: [Introduced]

History of Actions:

1 02/21 (H) Referred To Ways and Means
2 02/23 (H) Died In Committee

Background Information:

Effective dateJuly 1, 2005
DispositionDead
DeadlineRevenue
RevenueYes
Vote type requiredThree/Fifths

House Committee:

Principal Author: Johnson

Title: AN ACT TO CREATE THE "SMART GROWTH TAX CREDIT ACT" TO AUTHORIZE INCOME TAX CREDITS FOR DEVELOPERS AND OWNERS WHO DESIGN AND BUILD RESIDENTIAL AND MIXED-USE DEVELOPMENTS THAT MEET SPECIFIC SMART GROWTH AND GREEN BUILDING CRITERIA; TO PROVIDE THE AMOUNT OF THE CREDIT; TO AUTHORIZE THE CREDIT TO BE CARRIED FORWARD FOR FIFTEEN YEARS FOLLOWING THE CREDIT'S FIRST ELIGIBLE TAX YEAR; TO LIMIT THE DOLLAR AMOUNT OF CREDITS THAT MAY BE GRANTED IN ANY ONE FISCAL YEAR; TO PROVIDE THAT THE STATE TAX COMMISSION, IN CONSULTATION WITH THE DEPARTMENT OF ENVIRONMENTAL QUALITY, SHALL ADMINISTER THE CREDIT; TO PROVIDE FOR THE CERTIFICATION OF DEVELOPMENTS AND THE MANNER IN WHICH A CREDIT MAY BE CLAIMED; TO PROVIDE THE STANDARDS THAT BUILDINGS AND DEVELOPMENTS MUST MEET IN ORDER TO BE ELIGIBLE FOR THE TAX CREDIT; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/23/05 at 16:04.

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