Mississippi Legislature
2007 Regular Session

House Bill 1025

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Bill Text

History of Actions

Background

Title

Description: Job tax credit for producers of alternative energy; the Chairman of the Tax Commission may extend time periods in event of a disaster.

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

History of Actions:

1 01/15 (H) Referred To Ways and Means
2 02/15 (H) Title Suff Do Pass Comm Sub
3 02/19 (H) Committee Substitute Adopted
4 02/19 (H) Passed   {Vote}
5 02/19 (H) Immediate Release
6 02/20 (H) Transmitted To Senate
7 02/20 (S) Referred To Finance
8 03/07 (S) Title Suff Do Pass
9 03/13 (S) Passed   {Vote}
10 03/14 (S) Motion to Reconsider Entered
11 03/15 (S) Died On Calendar

Background Information:

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

House Committee:

Senate Committee:

Principal Author: Watson

Code Section: A 027-0007-0022.29

Title: AN ACT TO AMEND SECTION 27-7-22.29, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE CHAIRMAN OF THE STATE TAX COMMISSION TO WAIVE THE PERIOD OF TIME WITHIN WHICH THE JOBS TAX CREDIT FOR PRODUCERS OF ALTERNATIVE ENERGY MAY BE UTILIZED BY PRODUCERS THAT ARE UNABLE TO MAINTAIN THE REQUIRED NUMBER OF JOBS AS A DIRECT RESULT OF CERTAIN DISASTERS; TO AUTHORIZE THE CHAIRMAN OF THE STATE TAX COMMISSION TO WAIVE THE REQUIREMENT THAT A CERTAIN NUMBER OF JOBS BE MAINTAINED BY SUCH PRODUCERS AND EXTEND THE CARRYFORWARD PERIOD OF THE CREDIT; TO PROVIDE THAT THE PERIOD OF TIME FOR WHICH THE REQUIREMENTS MAY BE WAIVED AND THE CARRYFORWARD MAY BE EXTENDED SHALL NOT EXCEED TWO YEARS; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 03/15/07 at 13:36.

End Of Document
2007/pdf/History/HB/HB1025.htm