[Introduced] [Passed House] [Sent to Governor]
History of Actions | Background | Title |
Description: Mississippi Business Finance Corporation; extend repealer on authority to issue bonds to finance economic development projects (DECD).
1 | 01/09/97 | (H) | Referred To Ways and Means | |
2 | 01/22/97 | (H) | Title Suff Do Pass | |
3 | 01/30/97 | (H) | Passed | |
4 | 01/31/97 | (H) | Transmitted To Senate | |
5 | 02/03/97 | (S) | Referred To Finance | |
6 | 03/04/97 | (S) | Title Suff Do Pass As Amended | |
7 | 03/10/97 | (S) | Amended | |
8 | 03/10/97 | (S) | Passed As Amended | |
9 | 03/12/97 | (S) | Returned For Concurrence | |
10 | 03/20/97 | (H) | Decline to Concur/Invite Conf | |
11 | 03/21/97 | (H) | Conferees Named Williams,Horne,Simpson | |
12 | 03/26/97 | (S) | Conferees Named Bryan,Smith,Jordan (24th) | |
13 | 03/31/97 | (H) | Conference Report Adopted | |
14 | 04/02/97 | (S) | Conference Report Adopted | |
15 | 04/04/97 | (H) | Enrolled Bill Signed | |
16 | 04/05/97 | (S) | Enrolled Bill Signed | |
17 | 04/07/97 | Due From Governor 04/24/97 | ||
18 | 04/24/97 | Approved by Governor |
Effective date | July 1, 1997 | |
Disposition | Law | |
Deadline | General Bill/Constitutional Amendment | |
Revenue | No | |
3/5ths vote required | Yes | |
Chapter number | 576 |
House Committee:
Senate Committee:
Principal Author: Williams
Code Sections: R 057-0010-0401, R 057-0010-0403, R 057-0010-0405, R 057-0010-0407, A 057-0010-0409, R 057-0010-0411, A 057-0010-0413, R 057-0010-0415, R 057-0010-0417, R 057-0010-0419, R 057-0010-0421, R 057-0010-0423, R 057-0010-0425, R 057-0010-0427, R 057-0010-0429, R 057-0010-0431, R 057-0010-0433, R 057-0010-0435, R 057-0010-0437, R 057-0010-0439, R 057-0010-0441, R 057-0010-0443, R 057-0010-0445, A 027-0007-0022.3, A 057-0010-0449
Title: AN ACT TO REENACT SECTIONS 57-10-401, 57-10-403, 57-10-405, 57-10-407, 57-10-411, 57-10-415, 57-10-417, 57-10-419, 57-10-421, 57-10-423, 57-10-425, 57-10-427, 57-10-429, 57-10-431, 57-10-433, 57-10-435, 57-10-437, 57-10-439, 57-10-441, 57-10-443 AND 57-10-445, MISSISSIPPI CODE OF 1972, WHICH PROVIDE FOR THE ISSUANCE OF BONDS BY THE MISSISSIPPI BUSINESS FINANCE CORPORATION IN ORDER TO FINANCE ECONOMIC DEVELOPMENT PROJECTS TO INDUCE THE LOCATION OR EXPANSION OF MANUFACTURING FACILITIES WITHIN THIS STATE, AND PROVIDE FOR A CREDIT AGAINST STATE INCOME TAXES FOR CERTAIN COMPANIES IN THE AMOUNT OF DEBT SERVICE PAID BY SUCH COMPANIES UNDER FINANCING AGREEMENTS ENTERED INTO WITH THE MISSISSIPPI BUSINESS FINANCE CORPORATION, AND PROVIDE FOR A CREDIT AGAINST STATE INCOME TAXES FOR EMPLOYEES OF CERTAIN COMPANIES WHO PAY JOB DEVELOPMENT ASSESSMENT FEES IN THE AMOUNT OF SUCH FEES; TO AMEND SECTION 57-10-409, MISSISSIPPI CODE OF 1972, TO REVISE THE TERMS OF THE FINANCING AGREEMENT FOR ECONOMIC DEVELOPMENT PROJECTS FOR WHICH BONDS HAVE NOT BEEN ISSUED OR THAT HAVE NOT BEEN INDUCED BY A RESOLUTION OF THE MISSISSIPPI BUSINESS FINANCE CORPORATION THAT HAS BEEN FILED WITH THE STATE TAX COMMISSION PRIOR TO JULY 1, 1997; TO AMEND SECTION 57-10-413, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT APPROVED COMPANIES INVOLVED IN ECONOMIC DEVELOPMENT PROJECTS FOR WHICH BONDS HAVE NOT BEEN ISSUED OR THAT HAVE NOT BEEN INDUCED BY A RESOLUTION OF THE MISSISSIPPI BUSINESS FINANCE CORPORATION FILED WITH THE STATE TAX COMMISSION PRIOR TO JULY 1, 1997, MAY NOT REQUIRE THEIR EMPLOYEES TO PAY A JOB DEVELOPMENT ASSESSMENT FEE; TO AMEND SECTION 27-7-22.3, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT APPROVED COMPANIES INVOLVED IN ECONOMIC DEVELOPMENT PROJECTS FOR WHICH BONDS HAVE NOT BEEN ISSUED OR THAT HAVE NOT BEEN INDUCED BY A RESOLUTION OF THE MISSISSIPPI BUSINESS FINANCE CORPORATION THAT HAS BEEN FILED WITH THE STATE TAX COMMISSION PRIOR TO JULY 1,1997, SHALL BE ALLOWED AN INCOME TAX CREDIT IN THE AMOUNT OF 80% OF THE AMOUNT OF TAXES DUE THE STATE OF MISSISSIPPI PRIOR TO THE APPLICATION OF THE CREDIT AND TO ALLOW SUCH CREDIT TO BE CARRIED FORWARD FOR THREE YEARS AFTER THE DATE UPON WHICH IT WAS EARNED; TO AMEND SECTION 57-10-449, MISSISSIPPI CODE OF 1972, TO EXTEND THE REPEAL DATE ON SECTIONS 57-10-401 THROUGH 57-10-445 AND SECTION 27-7-22.3, MISSISSIPPI CODE OF 1972; AND FOR RELATED PURPOSES.
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1997/History/HB\HB0899.htm