Bill Text | History of Actions | Background | Title |
Description: Mississippi Brownfields Voluntary Cleanup and Redevelopment Incentives Act; create.
Bill Text: [Introduced]
| 1 | 03/27/00 | (H) | Referred To Conservation and Water Resources;Ways and Means | |
| 2 | 03/29/00 | (H) | Died In Committee |
| Effective date | January 1, 2001 | |
| Disposition | Dead | |
| Deadline | Revenue/Appropriation | |
| Revenue | Yes | |
| 3/5ths vote required | Yes |
House Committees:
Principal Author: Ellington
Code Sections: A 057-0001-0301, A 057-0061-0009, A 057-0073-0021
Title: AN ACT TO CREATE THE MISSISSIPPI BROWNFIELDS VOLUNTARY CLEANUP AND REDEVELOPMENT INCENTIVES ACT; TO EXPRESS THE FINDINGS OF THE LEGISLATURE; TO AUTHORIZE A LIMITED PARTIAL EXEMPTION FROM AD VALOREM TAXES ON REAL PROPERTY FOR REDEVELOPMENT PROJECTS LOCATED ON BROWNFIELD AGREEMENT SITES; TO PROVIDE THAT THE AMOUNT OF THE AD VALOREM TAX EXEMPTION SHALL BE BASED UPON THE INCREMENTAL INCREASE BETWEEN THE CURRENT ASSESSED VALUE OF THE PROPERTY AND THE ORIGINAL ASSESSED VALUE OF THE PROPERTY; TO AMEND SECTION 57-1-301, MISSISSIPPI CODE OF 1972, TO MODIFY THE DEFINITION OF "CAPITAL IMPROVEMENT" TO INCLUDE BROWNFIELD AGREEMENT SITE REMEDIATION; TO AMEND SECTION 57-61-9, MISSISSIPPI CODE OF 1972, TO AUTHORIZE A PRIVATE MATCH OF TWO DOLLARS FOR EVERY ONE DOLLAR OF STATE ASSISTANCE FOR REDEVELOPMENT PROJECTS ON BROWNFIELD AGREEMENT SITES; TO AMEND SECTION 57-73-21, MISSISSIPPI CODE OF 1972, TO AUTHORIZE A JOB TAX CREDIT FOR REDEVELOPMENT PROJECTS ON A BROWNFIELD AGREEMENT SITE UNDER THE MISSISSIPPI BROWNFIELDS VOLUNTARY CLEANUP AND REDEVELOPMENT ACT AND TO SPECIFY THE AMOUNT OF THE JOB TAX CREDIT; AND FOR RELATED PURPOSES.
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