Mississippi Legislature
2007 Regular Session

House Bill 1489

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Bill Text

History of Actions

Background

Title

Description: Delta Revitalization Zone; create and establish economic incentives.

Bill Text: [Introduced]

History of Actions:

1 01/15 (H) Referred To Ways and Means
2 01/30 (H) Died In Committee

Background Information:

Effective dateJuly 1, 2007
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredThree/Fifths

House Committee:

Principal Author: McCoy

Additional Authors: Burnett, Hines, Mayo, Perkins

Title: AN ACT TO CREATE AN ECONOMIC INCENTIVE ZONE TO BE KNOWN AS THE "DELTA REVITALIZATION ZONE"; TO CREATE THE DELTA REVITALIZATION ZONE AUTHORITY, WHICH SHALL BE THE GOVERNING BODY RESPONSIBLE FOR THE ADMINISTRATION OF INCENTIVES AND PROGRAMS AVAILABLE UNDER THE DELTA REVITALIZATION ZONE (DRZ); TO PRESCRIBE THE DUTIES OF THE DRZ AUTHORITY AND SPECIFIC INCENTIVES TO BE IMPLEMENTED; TO ESTABLISH A SALES TAX CREDIT FOR PURCHASES OF BUILDING MATERIALS USED TO REHABILITATE BUSINESS PROPERTY IN THE DRZ; TO ESTABLISH SALES TAX CREDIT FOR WAGES PAID BY BUSINESSES TO NEW EMPLOYEES; TO ESTABLISH VARIOUS INCOME TAX CREDITS AVAILABLE TO BUSINESSES IN THE DRZ; TO PROVIDE THAT THE LEGISLATURE SHALL APPROPRIATE AN ADDITIONAL FIVE PERCENT OF STATE WORKFORCE DEVELOPMENT FUNDS TO THE DRZ EACH YEAR; TO ESTABLISH QUALIFICATIONS FOR BUSINESSES, PUBLIC SCHOOLS AND INDIVIDUALS SEEKING TO UTILIZE THE INCENTIVES AVAILABLE IN THE DRZ; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 01/30/07 at 18:55.

End Of Document
2007/pdf/History/HB/HB1489.htm