Mississippi Legislature
2004 Regular Session

House Bill 1029

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Bill Text

History of Actions

Background

Title

Description: Central Business District Real Estate/Economic Development Act; create.

Bill Text: [Introduced]

History of Actions:

1 02/17 (H) Referred To Municipalities;Ways and Means
2 03/09 (H) Died In Committee

Background Information:

Effective dateJuly 1, 2004
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredThree/Fifths

House Committees:

Principal Author: Fleming

Code Sections: A 017-0021-0005, A 017-0021-0007, A 021-0045-0003, A 021-0045-0007, A 027-0031-0031

Title: AN ACT TO AMEND SECTIONS 17-21-5 AND 17-21-7, MISSISSIPPI CODE OF 1972, TO REVISE EXEMPTIONS FROM MUNICIPAL AD VALOREM TAX FOR CENTRAL BUSINESS DISTRICTS, HISTORIC PRESERVATION DISTRICTS, BUSINESS IMPROVEMENT DISTRICTS, URBAN RENEWAL DISTRICTS, REDEVELOPMENT DISTRICTS OR HISTORIC LANDMARKS; TO CODIFY SECTION 17-21-9, MISSISSIPPI CODE OF 1972, TO PROVIDE AN EXEMPTION FROM SCHOOL DISTRICT TAXES FOR STRUCTURES IN SUCH DISTRICTS; TO AMEND SECTION 21-45-3, MISSISSIPPI CODE OF 1972, TO REVISE THE DEFINITION OF REDEVELOPMENT PROJECT; TO AMEND SECTION 21-45-7, MISSISSIPPI CODE OF 1972, TO CONFORM THE DIVISION OF AD VALOREM TAXES FOR THE PURPOSES OF THIS ACT; TO AMEND SECTION 27-31-31, MISSISSIPPI CODE OF 1972, IN CONFORMITY; TO PROVIDE FOR CERTIFIED HISTORIC DISTRICTS; TO DEFINE CERTAIN TERMS; TO PROVIDE TAX CREDITS FOR QUALIFYING PERSONS OR ENTITIES; TO PROVIDE FOR THE DISTRIBUTION OF CREDITS EXCEEDING TAX LIABILITY; TO PROVIDE THE PROCEDURE FOR CLAIMING THE TAX CREDIT; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 03/09/04 at 18:00.

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