Bill Text | History of Actions | Amendments | Background | Title |
Description: Regional economic development alliances; provide certain authority to counties in, provide tax incentives to certain businesses in.
Bill Text: [Introduced] [Committee Substitute] [Passed House] [Sent to Governor]
| 1 | 01/21 (H) Referred To Ways and Means | |
| 2 | 01/31 (H) Title Suff Do Pass Comm Sub | |
| 3 | 02/06 (H) Committee Substitute Adopted | |
| 4 | 02/06 (H) Amended | |
| 5 | 02/06 (H) Passed As Amended | |
| 6 | 02/08 (H) Transmitted To Senate | |
| 7 | 02/13 (S) Referred To Finance | |
| 8 | 02/28 (S) Title Suff Do Pass | |
| 9 | 03/06 (S) Passed | |
| 10 | 03/07 (S) Transmitted To House | |
| 11 | 03/13 (H) Enrolled Bill Signed | |
| 12 | 03/14 (S) Enrolled Bill Signed | |
| 13 | 03/20 Approved by Governor |
| Adopted | [H] | Amendment No 1 (Cmte Sub) |
| Effective date | Passage | |
| Disposition | Law | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Three/Fifths | |
| Chapter number | 464 |
House Committee:
Senate Committee:
Principal Author: Ford
Code Sections: A 057-0064-0007, A 027-0007-0021, A 027-0013-0005, A 027-0013-0007, A 027-0065-0101
Title: AN ACT TO PROVIDE THAT A COUNTY THAT IS A MEMBER OF A REGIONAL ECONOMIC DEVELOPMENT ALLIANCE CREATED UNDER THE REGIONAL ECONOMIC DEVELOPMENT ACT SHALL HAVE THE AUTHORITY TO NEGOTIATE A PURCHASE OPTION FOR REAL PROPERTY TO BE USED FOR THE PURPOSES OF THE ALLIANCE; TO PROVIDE THAT A COUNTY MAY PAY ALL COSTS INCURRED FOR THE ACQUISITION OF SUCH AN OPTION REGARDLESS OF WHETHER THE COUNTY EXERCISES THE OPTION AT A LATER DATE; TO PROVIDE THAT AS A PART OF ANY SUCH OPTION, A COUNTY MAY NEGOTIATE THE RIGHT TO ENTER UPON THE REAL PROPERTY BEFORE THE PURCHASE FOR THE PURPOSE OF CONDUCTING ANY PRELIMINARY ENGINEERING, ENVIRONMENTAL AND RELATED SURVEYS OR STUDIES NECESSARY TO EFFECTUATE THE OPTION AND MAY PAY ALL COSTS INCURRED FOR SUCH STUDIES OR OPTIONS REGARDLESS OF WHETHER THE COUNTY EXERCISES THE OPTION AT A LATER DATE; TO PROVIDE THAT A COUNTY THAT IS A MEMBER OF A REGIONAL ECONOMIC DEVELOPMENT ALLIANCE MAY EXERCISE THE POWER OF EMINENT DOMAIN TO ACQUIRE PROPERTY FOR CERTAIN PROJECTS DESCRIBED UNDER THE MISSISSIPPI MAJOR ECONOMIC IMPACT ACT IF THE COUNTY HAS RECEIVED A BINDING COMMITMENT PROVIDING THAT SUCH A PROJECT WILL BE LOCATED IN A COUNTY IN THE REGIONAL ECONOMIC DEVELOPMENT ALLIANCE; TO AMEND SECTION 57-64-7, MISSISSIPPI CODE OF 1972, TO REVISE THE DEFINITION OF THE TERM "PROJECT" FOR PURPOSES OF THE REGIONAL ECONOMIC DEVELOPMENT ACT TO INCLUDE CERTAIN PROJECTS DESCRIBED UNDER THE MISSISSIPPI MAJOR ECONOMIC IMPACT ACT; TO PROVIDE INCENTIVES IN THE FORM OF TEMPORARY EXEMPTIONS FROM LOCAL AD VALOREM TAXES AND STATE INCOME, SALES AND CORPORATION FRANCHISE TAXES FOR BUSINESS ENTERPRISES OPERATING CERTAIN PROJECTS IN COUNTIES THAT ARE MEMBERS OF A REGIONAL ECONOMIC DEVELOPMENT ALLIANCE; TO AMEND SECTIONS 27-7-21, 27-13-5, 27-13-7 AND 27-65-101, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; AND FOR RELATED PURPOSES.
End Of Document
2002/html/History/HB/HB1639.htm