Bill Text | History of Actions | Background | Title |
Description: Small businesses; authorize deferral of certain loan payments and ad valorem taxes under certain circumstances.
Bill Text: [Introduced]
| 1 | 01/16 (H) Referred To Ways and Means | |
| 2 | 01/31 (H) Died In Committee |
| Effective date | July 1, 2006 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Three/Fifths |
House Committee:
Principal Author: Buck
Code Sections: A 057-0061-0011, A 057-0061-0034, A 057-0093-0001, A 057-0095-0001, A 069-0002-0013, A 057-0010-0513, A 027-0041-0001
Title: AN ACT TO AMEND SECTIONS 57-61-11 AND 57-61-34, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A PRIVATE COMPANY THAT HAS RECEIVED A LOAN UNDER THE MISSISSIPPI BUSINESS INVESTMENT ACT AND THAT IS A SMALL BUSINESS MAY REQUEST A DEFERRAL OF LOAN PAYMENTS IF A DEFERRAL WILL PLAY A SIGNIFICANT ROLE IN IMPROVING THE FINANCIAL CONDITION OF THE PRIVATE COMPANY AND ASSIST IT TO SUCCEED AND REMAIN A VIABLE OPERATION; TO AUTHORIZE A PRIVATE COMPANY TO REQUEST A DEFERRAL OF PAYMENTS IF A PUBLIC HIGHWAY OR ROAD CONSTRUCTION OR IMPROVEMENT PROJECT HAS HAD A SUBSTANTIALLY ADVERSE EFFECT ON ITS OPERATIONS AND LEVEL OF BUSINESS ACTIVITY; TO DEFINE THE TERM "SMALL BUSINESS"; TO AMEND SECTION 57-93-1, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT AN ENTERPRISE THAT HAS RECEIVED A LOAN UNDER THE MISSISSIPPI EXISTING INDUSTRY PRODUCTIVITY LOAN PROGRAM AND THAT IS A SMALL BUSINESS MAY REQUEST A DEFERRAL OF LOAN PAYMENTS IF A DEFERRAL WILL PLAY A SIGNIFICANT ROLE IN IMPROVING THE FINANCIAL CONDITION OF THE ENTERPRISE AND ASSIST IT TO SUCCEED AND REMAIN A VIABLE OPERATION; TO AUTHORIZE AN ENTERPRISE TO REQUEST A DEFERRAL OF PAYMENTS IF A PUBLIC HIGHWAY OR ROAD CONSTRUCTION OR IMPROVEMENT PROJECT HAS HAD A SUBSTANTIALLY ADVERSE EFFECT ON ITS OPERATIONS AND LEVEL OF BUSINESS ACTIVITY; TO DEFINE THE TERM "SMALL BUSINESS"; TO AMEND SECTION 57-95-1, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT AN ENTERPRISE THAT HAS RECEIVED A LOAN UNDER THE MISSISSIPPI JOB PROTECTION ACT AND THAT IS A SMALL BUSINESS MAY REQUEST A DEFERRAL OF LOAN PAYMENTS IF A DEFERRAL WILL PLAY A SIGNIFICANT ROLE IN IMPROVING THE FINANCIAL CONDITION OF THE ENTERPRISE AND ASSIST IT TO SUCCEED AND REMAIN A VIABLE OPERATION; TO AUTHORIZE AN ENTERPRISE TO REQUEST A DEFERRAL OF PAYMENTS IF A PUBLIC HIGHWAY OR ROAD CONSTRUCTION OR IMPROVEMENT PROJECT HAS HAD A SUBSTANTIALLY ADVERSE EFFECT ON ITS OPERATIONS AND LEVEL OF BUSINESS ACTIVITY; TO DEFINE THE TERM "SMALL BUSINESS"; TO AMEND SECTION 69-2-13, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT AN AGRIBUSINESS THAT HAS RECEIVED A LOAN FROM THE EMERGING CROPS FUND AND THAT IS A SMALL BUSINESS MAY REQUEST A DEFERRAL OF LOAN PAYMENTS IF A DEFERRAL WILL PLAY A SIGNIFICANT ROLE IN IMPROVING THE FINANCIAL CONDITION OF THE ENTERPRISE AND ASSIST IT TO SUCCEED AND REMAIN A VIABLE OPERATION; TO AUTHORIZE AN AGRIBUSINESS TO REQUEST A DEFERRAL OF PAYMENTS IF A PUBLIC HIGHWAY OR ROAD CONSTRUCTION OR IMPROVEMENT PROJECT HAS HAD A SUBSTANTIALLY ADVERSE EFFECT ON ITS OPERATIONS AND LEVEL OF BUSINESS ACTIVITY; TO DEFINE THE TERM "SMALL BUSINESS"; TO AMEND SECTION 3, CHAPTER 14, LAWS OF FIFTH EXTRAORDINARY SESSION OF 2005, TO PROVIDE THAT A BUSINESS THAT HAS RECEIVED A LOAN UNDER THE MISSISSIPPI DISASTER SMALL BUSINESS BRIDGE LOAN ACT MAY REQUEST A DEFERRAL OF LOAN PAYMENTS IF A DEFERRAL WILL PLAY A SIGNIFICANT ROLE IN IMPROVING THE FINANCIAL CONDITION OF THE BUSINESS AND ASSIST IT TO SUCCEED AND REMAIN A VIABLE OPERATION; TO AUTHORIZE A BUSINESS TO REQUEST A DEFERRAL OF PAYMENTS IF A PUBLIC HIGHWAY OR ROAD CONSTRUCTION OR IMPROVEMENT PROJECT HAS HAD A SUBSTANTIALLY ADVERSE EFFECT ON ITS OPERATIONS AND LEVEL OF BUSINESS ACTIVITY; TO AMEND SECTION 57-10-13, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT AN AGRIBUSINESS THAT HAS RECEIVED A LOAN UNDER THE SMALL BUSINESS ASSISTANCE ACT MAY REQUEST A DEFERRAL OF LOAN PAYMENTS IF A DEFERRAL WILL PLAY A SIGNIFICANT ROLE IN IMPROVING THE FINANCIAL CONDITION OF THE BUSINESS AND ASSIST IT TO SUCCEED AND REMAIN A VIABLE OPERATION; TO AUTHORIZE A BUSINESS TO REQUEST A DEFERRAL OF PAYMENTS IF A PUBLIC HIGHWAY OR ROAD CONSTRUCTION OR IMPROVEMENT PROJECT HAS HAD A SUBSTANTIALLY ADVERSE EFFECT ON ITS OPERATIONS AND LEVEL OF BUSINESS ACTIVITY; TO PROVIDE THAT AN ENTERPRISE THAT HAS BEEN GRANTED A LOAN PAYMENT DEFERRAL UNDER THIS ACT SHALL BE ALLOWED A DEFERRAL OF AD VALOREM FOR A PERIOD CORRESPONDING WITH THE DEFERRAL OF LOAN PAYMENTS; TO AMEND SECTION 27-41-1, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; AND FOR RELATED PURPOSES.
End Of Document
2006/html/History/HB/HB1292.htm