History of Actions | Background | Title |
Description: Income tax; provide credit for taxpayers expending funds for construction, acquisition or rehab of low-income housing projects.
| 1 | 01/23/97 | (S) | Referred To Finance | |
| 2 | 02/26/97 | (S) | Died In Committee |
| Effective date | July 1, 1997 | |
| Disposition | Dead | |
| Deadline | Revenue/Appropriation | |
| Revenue | Yes | |
| 3/5ths vote required | Yes |
Senate Committee:
Principal Author: Smith
Code Section: A 043-0033-0704
Title: AN ACT TO PROVIDE A CREDIT AGAINST STATE INCOME TAXES FOR TAXPAYERS MAKING EXPENDITURES FOR THE NEW CONSTRUCTION OR THE ACQUISITION AND REHABILITATION OF CERTAIN QUALIFIED LOW INCOME HOUSING PROJECTS; TO LIMIT THE AMOUNT OF THE INCOME TAX CREDIT THAT MAY BE TAKEN BY A TAXPAYER; TO PROVIDE THAT THE MISSISSIPPI HOME CORPORATION SHALL DETERMINE THE AMOUNT OF CREDIT THAT MAY BE CLAIMED BY A TAXPAYER; TO PROVIDE FOR THE APPLICATION OF THE CREDIT AGAINST INCOME TAX LIABILITY IN CASES OF CORPORATIONS, INDIVIDUALS AND CERTAIN OTHER BUSINESS ENTITIES; TO AMEND SECTION 43-33-704, MISSISSIPPI CODE OF 1972, TO CONFORM TO THE PROVISIONS OF THIS ACT; AND FOR RELATED PURPOSES.
End Of Document
1997/History/SB\SB3053.htm