Mississippi Legislature
2007 Regular Session

Senate Bill 2525

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Bill Text

History of Actions

Background

Title

Description: Jobs tax credit for permanent businesses; the Chairman of the Tax Commission may extend time periods in the event 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: Butler, Dearing, Fillingane, Frazier, Gollott, Harden, Hewes, Jackson (11th), Jordan, Walls, White

Code Section: A 027-0007-0022.17

Title: AN ACT TO AMEND SECTION 27-7-22.17, 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 MAY BE UTILIZED BY CERTAIN PERMANENT BUSINESS ENTERPRISES 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 SUPPLIERS 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 PERIOD 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 11:26.

End Of Document
2007/pdf/History/SB/SB2525.htm