Bill Text | History of Actions | Background | Title |
Description: Income tax; create the Mississippi Fish and Wildlife Incentives Program credit.
Bill Text: [Introduced]
| 1 | 01/26 (S) Referred To Finance | |
| 2 | 02/21 (S) Died In Committee |
| Effective date | January 1, 2007 | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
Senate Committee:
Principal Author: Posey
Title: AN ACT TO AUTHORIZE AN INCOME TAX CREDIT FOR LANDOWNERS IN THE AMOUNT OF 50% OF ALL EXPENDITURES BY SUCH TAXPAYER FOR ACTIVITIES TO BENEFIT FISH AND WILDLIFE THAT QUALIFY UNDER THIS ACT DURING THE TAXABLE YEAR, NOT TO EXCEED THE LESSER OF $10,000.00 OR THE AMOUNT OF TAX IMPOSED UPON THE TAXPAYER FOR THE TAXABLE YEAR; TO CREATE THE MISSISSIPPI FISH AND WILDLIFE INCENTIVES COMMITTEE TO ASSIST THE DEPARTMENT OF WILDLIFE FISHERIES AND PARKS IN DEVELOPING AND PRIORITIZING A LIST OF APPROVED ACTIVITIES AND TO REVIEW AND COMMENT UPON APPLICATIONS FOR THE TAX CREDIT; TO PROVIDE THE TYPES OF ACTIVITIES FOR WHICH THE TAX CREDIT IS AVAILABLE; TO PROVIDE THAT TAXPAYERS SHALL APPLY TO THE DEPARTMENT OF WILDLIFE, FISHERIES AND PARKS FOR THE CREDIT AND THAT THE DEPARTMENT SHALL ISSUE CERTIFICATES OF APPROVAL FOR THE TAX CREDIT AND CERTIFICATES OF COMPLETION FOR THE APPROVED PROJECT; TO PROVIDE THAT THE CERTIFICATES MUST BE FILED WITH THE TAXPAYER'S TAX RETURN; TO PROVIDE THE STANDARDS THAT PROJECTS MUST MEET IN ORDER TO BE ELIGIBLE FOR THE CREDIT; TO AUTHORIZE RECOVERY OF THE CREDIT OR A PORTION THEREOF UNDER CERTAIN CIRCUMSTANCES; TO PLACE LIMITATIONS ON THE TOTAL AMOUNT OF CREDITS THAT MAY BE ISSUED IN ANY CALENDAR YEAR; AND FOR RELATED PURPOSES.
End Of Document
2007/html/History/SB/SB3096.htm