2022
Regular Session
Hotel construction projects; authorize sales tax incentive for.
AN ACT TO CREATE AN INCENTIVE FOR PERSONS, CORPORATIONS OR OTHER ENTITIES TO CONSTRUCT HOTELS IN THIS STATE; TO CREATE THE HOTEL CONSTRUCTION PROJECT SALES TAX INCENTIVE FUND; TO AUTHORIZE INCENTIVE PAYMENTS FROM SUCH FUND TO APPROVED PARTICIPANTS THAT INCUR COSTS TO CONSTRUCT 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 30% OF THE APPROVED PROJECT COSTS INCURRED BY AN APPROVED PARTICIPANT FOR A HOTEL PROJECT HAS BEEN PAID TO THE APPROVED PARTICIPANT OR 15 YEARS AFTER THE DATE THE HOTEL PROJECT OPENS FOR COMMERCIAL OPERATION; TO REQUIRE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO ADMINISTER THE PROGRAM; TO AMEND SECTION 27-65-75, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A PORTION OF THE SALES TAX REVENUE COLLECTED FROM THE OPERATION OF A HOTEL PROJECT SHALL BE DEPOSITED, AFTER CERTAIN DIVERSIONS, INTO THE HOTEL CONSTRUCTION PROJECT SALES TAX INCENTIVE FUND; AND FOR RELATED PURPOSES.
02/01/22 at 22:11
H
B
661
House Bill 661
HB 661
H
Dead
General Bill/Constitutional Amendment
No
Three/Fifths
July 1, 2022
Ways and Means
T
../../House_cmtes/WM.xml
Arnold
../../House_authors/Arnold.xml
A
../../code_sections/027/00650075.xml
1
01/17 (H) Referred To Ways and Means
2
02/01 (H) Died In Committee
../../../../documents/2022/pdf/HB/0600-0699/HB0661IN.pdf
../../../../documents/2022/dt/HB/0600-0699/HB0661IN.pdf
../../../../documents/2022/html/HB/0600-0699/HB0661IN.htm
../../../../documents/2022/pdf/HB/0600-0699/HB0661IN.pdf
../../../../documents/2022/dt/HB/0600-0699/HB0661IN.pdf
../../../../documents/2022/html/HB/0600-0699/HB0661IN.htm
N
../../../../documents/2022/pdf/fiscalnotes/HB0661.pdf