2018
Regular Session
Hotel renovation projects sales tax incentive; authorize for certain projects.
AN ACT TO CREATE AN INCENTIVE FOR PERSONS, CORPORATIONS OR OTHER ENTITIES TO REPAIR AND RENOVATE HOTELS IN THIS STATE; TO CREATE THE HOTEL RENOVATION PROJECTS SALES TAX INCENTIVE FUND; TO AUTHORIZE CERTAIN INCENTIVE PAYMENTS FROM SUCH FUND TO APPROVED PARTICIPANTS THAT INCUR COSTS TO REPAIR AND RENOVATE HOTELS IN THIS STATE; TO PROVIDE THAT INCENTIVE PAYMENTS SHALL CEASE ON THE OCCURRENCE OF THE EARLIER OF THE DATE THAT AN AGGREGATE AMOUNT OF 20% OF THE APPROVED PROJECT COSTS INCURRED BY AN APPROVED PARTICIPANT FOR A PROJECT HAS BEEN PAID TO THE APPROVED PARTICIPANT OR 10 YEARS AFTER THE DATE OF COMMENCEMENT OF INCENTIVE PAYMENTS TO AN APPROVED PARTICIPANT FOR A PROJECT; TO REQUIRE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO ADMINISTER THE PROGRAM; TO AMEND SECTION 27-65-75, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT 20% OF THE SALES TAX REVENUE COLLECTED FROM THE OPERATION OF A PROJECT RELATED TO THE RENTAL OF GUEST ROOMS OR SUITES AND CONFERENCE ROOMS SHALL BE DEPOSITED, AFTER CERTAIN DIVERSIONS, INTO THE HOTEL RENOVATION PROJECTS SALES TAX INCENTIVE FUND; AND FOR RELATED PURPOSES.
01/30/18 at 17:38
H
B
581
House Bill 581
HB 581
H
Dead
General Bill/Constitutional Amendment
No
Three/Fifths
July 1, 2018
Ways and Means
T
../../House_cmtes/WM.xml
Young
../../House_authors/Young.xml
A
../../code_sections/027/00650075.xml
1
01/08 (H) Referred To Ways and Means
2
01/30 (H) Died In Committee
../../../../documents/2018/pdf/HB/0500-0599/HB0581IN.pdf
../../../../documents/2018/dt/HB/0500-0599/HB0581IN.pdf
../../../../documents/2018/html/HB/0500-0599/HB0581IN.htm
../../../../documents/2018/pdf/HB/0500-0599/HB0581IN.pdf
../../../../documents/2018/dt/HB/0500-0599/HB0581IN.pdf
../../../../documents/2018/html/HB/0500-0599/HB0581IN.htm
N
../../../../documents/2018/pdf/fiscalnotes/HB0581.pdf