Bill Text | History of Actions | Background | Title |
Description: Income tax; provide credit for taxpayers expending money for construction, acquisition or rehabilitation of low-income housing.
Bill Text: [Introduced]
| 1 | 02/09/00 | (S) | Referred To Finance | |
| 2 | 03/29/00 | (S) | Died In Committee |
| Effective date | July 1, 2000 | |
| Disposition | Dead | |
| Deadline | Revenue/Appropriation | |
| Revenue | Yes | |
| 3/5ths vote required | Yes |
Senate Committee:
Principal Author: Carlton
Code Section: A 027-0003-0031
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 STATE TAX COMMISSION 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 27-3-31, MISSISSIPPI CODE OF 1972, TO CONFORM TO THE PROVISIONS OF THIS ACT; AND FOR RELATED PURPOSES.
End Of Document
2000/html/History/SB/SB2673.htm