2019
Regular Session
Sales tax; divert a portion of revenue to counties in which certain tax increment financing districts are located.
AN ACT TO AMEND SECTION 27-65-75, MISSISSIPPI CODE OF 1972, TO AUTHORIZE A DIVERSION TO COUNTIES OF A PORTION OF THE SALES TAX REVENUE COLLECTED ON BUSINESS ACTIVITIES WITHIN A REDEVELOPMENT PROJECT DEVELOPED UNDER THE TAX INCREMENT FINANCING ACT IF THE COUNTY HAS ISSUED BONDS UNDER THE TAX INCREMENT FINANCING ACT TO FINANCE ALL OR A PORTION OF SUCH REDEVELOPMENT PROJECT, ANY DEBT SERVICE FOR SUCH INDEBTEDNESS IS OUTSTANDING, AND A DEVELOPMENT WITH A VALUE OF $10,000,000.00 OR MORE IS, OR WILL BE, LOCATED IN THE REDEVELOPMENT AREA; TO REQUIRE THE REVENUE FROM SUCH DIVERSION TO BE UTILIZED TO SATISFY SUCH INDEBTEDNESS; TO PROVIDE THAT THE DIVERSION SHALL END THE MONTH THE INDEBTEDNESS IS SATISFIED; TO AMEND SECTION 21-45-9, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; AND FOR RELATED PURPOSES.
02/05/2019 at 17:27
H
B
727
House Bill 727
HB 727
H
Dead
General Bill/Constitutional Amendment
No
Majority
July 1, 2019
Ways and Means
T
../../House_cmtes/WM.xml
Busby
../../House_authors/Busby.xml
A
../../code_sections/027/00650075.xml
A
../../code_sections/021/00450009.xml
1
01/17 (H) Referred To Ways and Means
2
02/05 (H) Died In Committee
../../../../documents/2019/pdf/HB/0700-0799/HB0727IN.pdf
../../../../documents/2019/html/HB/0700-0799/HB0727IN.htm
../../../../documents/2019/pdf/HB/0700-0799/HB0727IN.pdf
../../../../documents/2019/html/HB/0700-0799/HB0727IN.htm
N
../../../../documents/2019/pdf/fiscalnotes/HB0727.pdf