2021
Regular Session
Mississippi Flexible Tax Incentive Act; create.
AN ACT TO CREATE THE "MISSISSIPPI FLEXIBLE TAX INCENTIVE ACT"; TO DEFINE TERMS; TO ESTABLISH REQUIREMENTS AND STANDARDS FOR APPLICATION TO THE MISSISSIPPI DEVELOPMENT AUTHORITY FOR CERTIFICATION AND AWARD OF THE MISSISSIPPI FLEXIBLE TAX INCENTIVE; TO ESTABLISH REQUIREMENTS AND STANDARDS FOR THE CERTIFICATION AND AWARD OF THE MISSISSIPPI FLEXIBLE TAX INCENTIVE BY THE MISSISSIPPI DEVELOPMENT AUTHORITY TO A QUALIFIED BUSINESS OR INDUSTRY FOR A QUALIFIED ECONOMIC DEVELOPMENT PROJECT; TO PRESCRIBE THE MEANS OF CALCULATING AND APPLYING SUCH INCENTIVE; TO PROHIBIT UTILIZATION OF CERTAIN OTHER INCENTIVES IN COMBINATION WITH THE MISSISSIPPI FLEXIBLE TAX INCENTIVE; TO ESTABLISH REQUIREMENTS AND STANDARDS FOR ANNUAL REPORTING BY A QUALIFIED BUSINESS OR INDUSTRY, MODIFICATIONS TO PRIOR INCENTIVE AWARDS BY THE MISSISSIPPI DEVELOPMENT AUTHORITY AND DEADLINES FOR THE UTILIZATION OF SUCH INCENTIVE; TO AUTHORIZE AUDITS BY THE MISSISSIPPI DEPARTMENT OF REVENUE AND SHARING OF CERTAIN INFORMATION ABOUT CERTAIN INCENTIVE AWARDEES BETWEEN STATE AGENCIES; TO CLARIFY THAT THE MISSISSIPPI DEVELOPMENT AUTHORITY IS GRANTED EXCLUSIVE JURISDICTION TO CERTIFY, AWARD AND MAKE ANY ADJUSTMENTS TO A MISSISSIPPI FLEXIBLE TAX INCENTIVE FOR A QUALIFIED BUSINESS OR INDUSTRY; TO AUTHORIZE THE MISSISSIPPI DEVELOPMENT AUTHORITY AND THE MISSISSIPPI DEPARTMENT OF REVENUE TO PROMULGATE RULES AND REGULATIONS NECESSARY TO IMPLEMENT THIS ACT; TO AMEND SECTION 27-7-22, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE APPLICATION OF A MISSISSIPPI FLEXIBLE TAX INCENTIVE AS A CREDIT TO OFFSET STATE INCOME TAX LIABILITY; TO AMEND SECTION 27-7-309, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE APPLICATION OF A MISSISSIPPI FLEXIBLE TAX INCENTIVE AS A CREDIT TO OFFSET WITHHOLDING TAX LIABILITY; TO AMEND SECTION 27-7-311, MISSISSIPPI CODE OF 1972, TO EXCLUDE ANY MISSISSIPPI FLEXIBLE TAX INCENTIVE APPLIED AS A CREDIT TO OFFSET STATE INCOME TAX LIABILITY FROM THE ANNUAL STATEMENT REQUIRED TO BE FILED WITH THE COMMISSIONER OF REVENUE FOR AN EMPLOYEE; TO AMEND SECTION 27-13-5, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE APPLICATION OF A MISSISSIPPI FLEXIBLE TAX INCENTIVE AS A CREDIT TO OFFSET FRANCHISE TAX LIABILITY OF MISSISSIPPI CORPORATIONS; TO AMEND SECTION 27-13-7, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE APPLICATION OF A MISSISSIPPI FLEXIBLE TAX INCENTIVE AS A CREDIT TO OFFSET FRANCHISE TAX LIABILITY OF FOREIGN CORPORATIONS; TO AMEND SECTION 27-65-93, MISSISSIPPI CODE OF 1972, TO REQUIRE THE DEPARTMENT OF REVENUE TO ISSUE A DIRECT PAY PERMIT TO A QUALIFIED BUSINESS OR INDUSTRY THAT IS AWARDED A MISSISSIPPI FLEXIBLE TAX INCENTIVE BY THE MISSISSIPPI DEVELOPMENT AUTHORITY; TO AMEND SECTION 27-67-17, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE APPLICATION OF A MISSISSIPPI FLEXIBLE TAX INCENTIVE AS A CREDIT TO OFFSET STATE USE TAX LIABILITY; TO AMEND SECTION 57-1-14, MISSISSIPPI CODE OF 1972, TO DELAY OR PRECLUDE CERTAIN INFORMATION PROVIDED IN APPLICATIONS AND ANNUAL REPORTS FOR THE MISSISSIPPI FLEXIBLE TAX INCENTIVE FROM DISCLOSURE PURSUANT TO THE MISSISSIPPI PUBLIC RECORDS ACT OF 1983; AND FOR RELATED PURPOSES.
11/09/21 at 12:55
S
B
2822
Senate Bill 2822
SB 2822
S
Dead
Revenue
Yes
Three/Fifths
July 1, 2021
Ways and Means
F
../../House_cmtes/WM.xml
Finance
F
../../Senate_cmtes/FI.xml
Economic and Workforce Development
F
../../Senate_cmtes/EC.xml
Parker
../../Senate_authors/Parker.xml
Harkins
../../Senate_authors/Harkins.xml
Caughman
../../Senate_authors/Caughman.xml
Sparks
../../Senate_authors/Sparks.xml
Whaley
../../Senate_authors/Whaley.xml
Boyd
../../Senate_authors/Boyd.xml
McLendon
../../Senate_authors/McLendon.xml
DeLano
../../Senate_authors/DeLano.xml
Williams
../../Senate_authors/Williams.xml
Fillingane
../../Senate_authors/Fillingane.xml
Blackwell
../../Senate_authors/Blackwell.xml
Branning
../../Senate_authors/Branning.xml
England
../../Senate_authors/England.xml
McCaughn
../../Senate_authors/McCaughn.xml
Frazier
../../Senate_authors/Frazier.xml
Butler
../../Senate_authors/Butler.xml
Suber
../../Senate_authors/Suber.xml
A
../../code_sections/027/00070022.xml
A
../../code_sections/027/00070309.xml
A
../../code_sections/027/00070311.xml
A
../../code_sections/027/00130005.xml
A
../../code_sections/027/00130007.xml
A
../../code_sections/027/00650093.xml
A
../../code_sections/027/00670017.xml
A
../../code_sections/057/00010014.xml
1
01/18 (S) Referred To Finance;Economic and Workforce Development
2
02/17 (S) DR - TSDP: FI To EC
3
02/17 (S) Title Suff Do Pass
4
02/18 (S) Passed
../../../../2021/pdf/votes/senate/0450002.pdf
5
02/22 (S) Transmitted To House
6
02/24 (H) Referred To Ways and Means
7
03/11 (H) Title Suff Do Pass As Amended
8
03/15 (H) Read the Third Time
9
03/16 (H) Amended
10
03/16 (H) Passed As Amended
../../../../2021/pdf/votes/house/0710008.pdf
11
03/17 (H) Returned For Concurrence
12
03/18 (S) Decline to Concur/Invite Conf
13
03/22 (S) Conferees Named Harkins,Parker,Fillingane
14
03/23 (H) Conferees Named Lamar,Steverson,Massengill
15
03/27 (S) Died In Conference
../../../../documents/2021/pdf/SB/2800-2899/SB2822PS.pdf
../../../../documents/2021/html/SB/2800-2899/SB2822PS.htm
../../../../documents/2021/pdf/SB/2800-2899/SB2822IN.pdf
../../../../documents/2021/html/SB/2800-2899/SB2822IN.htm
../../../../documents/2021/pdf/SB/2800-2899/SB2822PS.pdf
../../../../documents/2021/html/SB/2800-2899/SB2822PS.htm
Amendment Report for Senate Bill No. 2822
../../../../documents/2021/pdf/ham/Amendment_Report_for_SB2822.pdf
../../../../documents/2021/dt/ham/Amendment_Report_for_SB2822.pdf
../../../../../documents/2021/html/ham/Amendment_Report_for_SB2822.htm
Committee Amendment No 1
Adopted
../../../../documents/2021/pdf/ham/SB2822_H_Cmte_Amend_01.pdf
../../../../documents/2021/dt/ham/SB2822_H_Cmte_Amend_01.pdf
../../../../../documents/2021/html/ham/SB2822_H_Cmte_Amend_01.htm
Voice Vote
N
../../../../documents/2021/pdf/fiscalnotes/SB2822.pdf