Mississippi Legislature
2006 Regular Session

Senate Bill 2145

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Bill Text

History of Actions

Background

Title

Description: Insurance premium tax; authorize a credit of the location or expansion of operations/claims centers.

Bill Text: [Introduced] [Passed Senate]

History of Actions:

1 01/04 (S) Referred To Insurance;Finance
2 01/19 (S) DR - TSDP: IN To FI
3 02/14 (S) Title Suff Do Pass
4 02/16 (S) Passed
5 02/17 (S) Transmitted To House
6 02/17 (H) Referred To Insurance;Ways and Means
7 02/21 (H) DR - TSDP: IN To WM
8 03/14 (H) Died In Committee

Background Information:

Effective dateJuly 1, 2006
DispositionDead
DeadlineRevenue
RevenueYes
Vote type requiredThree/Fifths

Senate Committees:

House Committees:

Principal Author: Kirby

Title: AN ACT TO PROVIDE A CREDIT AGAINST STATE PREMIUM TAX FOR INSURANCE COMPANIES THAT LOCATE OR EXPAND AN OPERATIONS CENTER OR PROCESSING CENTER IN THIS STATE IN AN AMOUNT EQUAL TO 10% OF THE NEW INVESTMENT DIRECTLY RELATED TO THE NET NEW FULL-TIME JOBS CREATED BY THE LOCATION OR EXPANSION IN THIS STATE OF THE OPERATIONS CENTER OR CLAIMS CENTER; TO PROVIDE THAT ONLY INSURANCE COMPANIES WHOSE OPERATIONS CENTER OR CLAIMS CENTER INCREASE EMPLOYMENT BY AT LEAST 25 NET NEW FULL-TIME EMPLOYEE JOBS SHALL BE ELIGIBLE FOR THE CREDIT; TO AUTHORIZE THE CREDIT TO BE CARRIED FORWARD FOR 7 YEARS; TO INCREASE THE STATE PREMIUM TAX LIABILITY FOR INSURANCE COMPANIES THAT SELL, DISPOSE OF, RAZE, OR OTHERWISE RENDER UNUSABLE ALL OR A PART OF THE LAND, BUILDINGS, OR OTHER EXISTING STRUCTURES FOR WHICH A CREDIT WAS CLAIMED; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 03/14/06 at 15:45.

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