Mississippi Legislature
2007 Regular Session

Senate Bill 2524

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Bill Text

History of Actions

Background

Title

Description: MS Advantage Jobs Act; authorize the Chairman of the Tax Commission and MDA to waive job requirements in case of a natural disaster.

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

History of Actions:

1 01/10 (S) Referred To Finance
2 01/30 (S) Title Suff Do Pass Comm Sub
3 02/07 (S) Committee Substitute Adopted
4 02/07 (S) Passed   {Vote}
5 02/12 (S) Transmitted To House
6 02/14 (H) Referred To Ways and Means
7 02/27 (H) Died In Committee

Background Information:

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

Senate Committee:

House Committee:

Principal Author: Robertson

Code Sections: A 057-0062-0009, A 057-0062-0013

Title: AN ACT TO AMEND SECTIONS 57-62-9 AND 57-62-13, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT IF A BUSINESS OR INDUSTRY IS LOCATED IN A DISASTER AREA AND AS A RESULT OF THE DISASTER IS UNABLE TO MEET THE REQUIREMENTS OF THE MISSISSIPPI ADVANTAGE JOBS ACT, THE CHAIRMAN OF THE STATE TAX COMMISSION MAY EXTEND THE TIME WITHIN WHICH A QUALIFIED BUSINESS OR INDUSTRY MAY RECEIVE INCENTIVE PAYMENTS UNDER THE ACT AND MAY WAIVE THE JOB MAINTENANCE REQUIREMENTS OF THE ACT, AND THE MISSISSIPPI DEVELOPMENT AUTHORITY MAY WAIVE THE JOB CREATION REQUIREMENTS OF THE ACT; TO PROVIDE THAT SUCH EXTENSIONS AND WAIVERS SHALL NOT EXCEED TWO YEARS; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/27/07 at 16:29.

End Of Document
2007/pdf/History/SB/SB2524.htm