Mississippi Legislature
2007 Regular Session

House Bill 1142

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Bill Text

History of Actions

Amendments

Background

Title

Description: Tourism project sales tax incentive; authorize for certain tourism projects that locate in this state.

Bill Text: [Introduced] [Passed House] [Sent to Governor]

History of Actions:

1 01/15 (H) Referred To Tourism;Ways and Means
2 01/24 (H) DR - TSDPAA: TO To WM
3 01/25 (H) DR - TSDPAA: WM To TO
4 01/29 (H) DR - TSDPAA: TO To WM
5 01/29 (H) DR - TSDPAA: WM To TO
6 01/29 (H) Title Suff Do Pass As Amended
7 02/07 (H) Amended
8 02/07 (H) Passed As Amended   {Vote}
9 02/09 (H) Transmitted To Senate
10 02/12 (S) Referred To Finance
11 02/22 (S) Title Suff Do Pass
12 03/07 (S) Amended
13 03/07 (S) Passed As Amended   {Vote}
14 03/07 (S) Motion to Reconsider Entered
15 03/08 (S) Motion to Reconsider Tabled
16 03/08 (S) Returned For Concurrence
17 03/13 (H) Decline to Concur/Invite Conf
18 03/20 (H) Conferees Named Peranich,Upshaw,Cummings
19 03/21 (S) Conferees Named Robertson,Bryan,Fillingane
20 03/26 (H) Conference Report Filed
21 03/26 (S) Conference Report Filed
22 03/27 (H) Conference Report Adopted   {Vote}
23 03/27 (S) Conference Report Adopted   {Vote}
24 03/28 (S) Motion to Reconsider Entered
25 03/30 (S) Motion to Reconsider Tabled
26 04/05 (H) Enrolled Bill Signed
27 04/05 (S) Enrolled Bill Signed
28 04/21 Approved by Governor

Amendments/Conference Report:

Adopted [H] Committee Amendment No 1   Voice Vote
Adopted [S] Amendment No 1   Voice Vote
Adopted [S] Amendment No 2   {Vote}
   
[S] Amendment Report for House Bill No. 1142   

Conference Report

Background Information:

Effective dateJuly 1, 2007
DispositionLaw
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredThree/Fifths
Chapter number574

House Committees:

Senate Committee:

Principal Author: Peranich

Additional Author: Guice

Code Section: A 027-0065-0075

Title: AN ACT TO CREATE AN INCENTIVE FOR PERSONS, CORPORATIONS OR OTHER ENTITIES TO LOCATE CERTAIN TOURISM PROJECTS IN THIS STATE; TO CREATE THE TOURISM PROJECT SALES TAX INCENTIVE FUND; TO AUTHORIZE CERTAIN INCENTIVE PAYMENTS FROM SUCH FUND TO PERSONS, CORPORATIONS OR OTHER ENTITIES THAT MAKE CAPITAL INVESTMENTS IN SUCH TOURISM PROJECTS; TO PROVIDE THAT INCENTIVE PAYMENTS SHALL CEASE ON THE OCCURRENCE OF THE EARLIER OF THE DATE THAT AN AGGREGATE AMOUNT OF 30% OF THE APPROVED PROJECT COSTS INCURRED BY THE APPROVED PARTICIPANT FOR THE TOURISM PROJECT HAS BEEN PAID TO THE APPROVED PARTICIPANT OR 10 YEARS AFTER THE DATE THE TOURISM PROJECT OPENS FOR COMMERCIAL OPERATION; TO REQUIRE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO ADMINISTER THE PROGRAM; TO AMEND SECTION 27-65-75, MISSISSIPPI CODE OF 1972, AS AMENDED BY SENATE BILL NO. 3215, 2007 REGULAR SESSION, TO PROVIDE THAT 80% OF THE SALES TAX REVENUE COLLECTED FROM THE OPERATION OF A TOURISM PROJECT UNDER THE PROVISIONS OF THIS ACT SHALL BE DEPOSITED, AFTER CERTAIN DIVERSIONS, INTO THE TOURISM PROJECT SALES TAX INCENTIVE FUND; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 05/15/07 at 07:52.

End Of Document
2007/pdf/History/HB/HB1142.htm