Mississippi Legislature
2004 Regular Session

Senate Bill 2122

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Bill Text

History of Actions

Amendments

Background

Title

Description: Taxation; income tax credit incentives for certain activities at brownfield sites.

Bill Text: [Introduced] [Committee Substitute] [Passed Senate]

History of Actions:

1 01/19 (S) Referred To Environment Prot, Cons and Water Res;Finance
2 03/10 (S) DR - TSDPCS: EP To FI
3 03/23 (S) DR - TSDPCS: FI To EP
4 03/25 (S) Title Suff Do Pass Comm Sub
5 03/29 (S) Committee Substitute Adopted
6 03/29 (S) Amended
7 03/29 (S) Passed As Amended
8 03/30 (S) Transmitted To House
9 03/31 (H) Referred To Conservation and Water Resources;Ways and Means
10 04/20 (H) Died In Committee

Amendments:

Adopted [S] Amendment No 1 (Cmte Sub)

Background Information:

Effective dateJanuary 1, 2005
DispositionDead
DeadlineRevenue
RevenueYes
Vote type requiredThree/Fifths

Senate Committees:

House Committees:

Principal Author: Nunnelee

Additional Authors: Brown, Butler, Chaney, Clarke, Dearing, Frazier, Harden, Horhn, Jackson (15th), Jackson (11th), Jordan, Kirby, Lee (47th), Lee (35th), Little, Michel, Morgan, Ross, Simmons, Thames, Thomas, Walls, White

Code Sections: A 057-0001-0301, A 057-0001-0307

Title: AN ACT TO CREATE THE MISSISSIPPI BROWNFIELDS VOLUNTARY CLEANUP AND REDEVELOPMENT INCENTIVES ACT; TO EXPRESS THE FINDINGS OF THE LEGISLATURE; TO CREATE A NEW SECTION TO BE CODIFIED AS SECTION 27-7-22.16, MISSISSIPPI CODE OF 1972, WHICH AUTHORIZES AN INCOME TAX CREDIT FOR REMEDIATION COST INCURRED AT A BROWNFIELD AGREEMENT SITE; TO DEFINE CERTAIN TERMS; TO PRESCRIBE THE AMOUNT OF THE INCOME TAX CREDIT; TO REQUIRE THE COMMISSION ON ENVIRONMENTAL QUALITY TO APPROVE AN AMOUNT OF REMEDIATION COSTS ELIGIBLE FOR THE TAX CREDIT; TO PROVIDE FOR SUBMISSION OF SUPPORTING INFORMATION TO THE STATE TAX COMMISSION; TO AMEND SECTION 57-1-301, MISSISSIPPI CODE OF 1972, TO MODIFY THE DEFINITION OF CAPITAL IMPROVEMENT TO INCLUDE BROWNFIELD SITE REMEDIATION; TO AMEND SECTION 57-1-307, MISSISSIPPI CODE OF 1972, TO INCREASE THE AMOUNT OF GENERAL OBLIGATION BONDS AUTHORIZED TO BE ISSUED UNDER THE LOCAL GOVERNMENTS AND CAPITAL IMPROVEMENTS REVOLVING LOAN PROGRAM AND TO DEDICATE THE PROCEEDS OF THE ADDITIONAL BONDS FOR LOANS TO LOCAL GOVERNMENTS FOR BROWNFIELDS SITE REMEDIATION; FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 04/20/04 at 12:11.

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