Bill Text | History of Actions | Background | Title |
Description: Tax exemptions; provide that certain additional businesses may request tax exemptions provided under Growth and Prosperity Act.
Bill Text: [Introduced]
| 1 | 01/07 (H) Referred To Ways and Means | |
| 2 | 02/26 (H) Died In Committee |
| Effective date | July 1, 2003 | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
House Committee:
Principal Author: Cameron
Code Sections: A 027-0007-0021, A 027-0013-0005, A 027-0065-0101
Title: AN ACT TO PROVIDE THAT IF A BUSINESS ENTERPRISE THAT WAS DOING BUSINESS IN THIS STATE FOR AT LEAST TWO YEARS BEFORE JANUARY 1, 2003, AND IS LOCATED IN A GROWTH AND PROSPERITY COUNTY OR ELIGIBLE SUPERVISORS DISTRICT DETERMINES IT IS AT A COMPETITIVE DISADVANTAGE BECAUSE OF CERTAIN TAX EXEMPTIONS PROVIDED TO OTHER BUSINESS ENTERPRISES UNDER THE GROWTH AND PROSPERITY ACT, THE BUSINESS ENTERPRISE MAY REQUEST THE MISSISSIPPI DEVELOPMENT AUTHORITY TO DESIGNATE IT AS ELIGIBLE FOR SUCH TAX EXEMPTIONS; TO PROVIDE THAT A BUSINESS ENTERPRISE WILL BE ELIGIBLE TO RECEIVE SUCH TAX EXEMPTIONS IF THE MISSISSIPPI DEVELOPMENT AUTHORITY DETERMINES THE BUSINESS ENTERPRISE IS AT SUCH A COMPETITIVE DISADVANTAGE; TO PROVIDE THAT SUCH A BUSINESS ENTERPRISE SHALL NOT BE REQUIRED TO SATISFY THE MINIMUM NUMBER OF JOBS REQUIREMENT PROVIDED IN THE GROWTH AND PROSPERITY ACT; 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
2003/html/History/HB/HB0325.htm