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]
| 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 |
| Adopted | [S] | Committee Amendment No 1 |
| [S] | Amendment Report for House Bill No. 1341 |
| Conference Report |
| Effective date | January 1, 2005 | |
| Disposition | Law | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths | |
| Chapter number | 497 |
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.
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2005/pdf/History/HB/HB1341.htm