Mississippi Legislature
2007 Regular Session

Senate Bill 2531

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Bill Text

History of Actions

Background

Title

Description: Growth and Prosperity Act; authorize MDA to extend duration of state tax exemptions in case of a disaster.

Bill Text: [Introduced] [Committee Substitute] [Passed Senate]

History of Actions:

1 01/10 (S) Referred To Finance
2 02/13 (S) Title Suff Do Pass Comm Sub
3 02/15 (S) Committee Substitute Adopted
4 02/15 (S) Passed   {Vote}
5 02/16 (S) Transmitted To House
6 02/21 (H) Referred To Ways and Means
7 03/08 (H) Title Suff Do Pass
8 03/12 (H) Read the Third Time
9 03/13 (H) Passed   {Vote}
10 03/13 (H) Motion to Reconsider Entered
11 03/15 (H) Died On Calendar

Background Information:

Effective dateJuly 1, 2007
DispositionDead
DeadlineRevenue
RevenueYes
Vote type requiredThree/Fifths

Senate Committee:

House Committee:

Principal Author: Robertson

Additional Authors: Burton, Chassaniol, Dearing, Fillingane, Frazier, Gollott, Harden, Hewes, Hyde-Smith, Jackson (11th), Jordan, King, Posey, Thames, Walls, White

Code Section: A 057-0080-0009

Title: AN ACT TO AMEND SECTION 57-80-9, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO EXTEND THE STATE TAX EXEMPTIONS UNDER THE GROWTH AND PROSPERITY ACT FOR NOT MORE THAN TWO YEARS FOR BUSINESS ENTERPRISES THAT ARE UNABLE TO UTILIZE THE TAX EXEMPTIONS AS A DIRECT RESULT OF CERTAIN DISASTERS AND TO AUTHORIZE BUSINESS ENTERPRISES THAT PURCHASED PROPERTY OR EQUIPMENT UTILIZING STATE EXEMPTIONS UNDER THE GROWTH AND PROSPERITY ACT TO PURCHASE REPLACEMENT EQUIPMENT AND COMPONENT MATERIALS EXEMPT FROM SALES AND USE TAX; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 03/15/07 at 11:26.

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2007/pdf/History/SB/SB2531.htm