Mississippi Legislature
2005 Regular Session

Senate Bill 2349

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Bill Text

History of Actions

Background

Title

Description: Income taxation; provide a credit for investment in enterprises that convert agricultural waste products into energy.

Bill Text: [Introduced]

History of Actions:

1 01/13 (S) Referred To Finance
2 02/23 (S) Died In Committee

Background Information:

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

Senate Committee:

Principal Author: Clarke

Title: AN ACT TO PROVIDE AN INCOME TAX CREDIT TO TAXPAYERS WHO INVEST IN AN ENTERPRISE THAT CONVERTS AGRICULTURAL WASTE PRODUCTS INTO ENERGY PRODUCTS IN AN AMOUNT EQUAL TO 10% OF THE VALUE OF THE INVESTMENT MADE BY THE TAXPAYER; TO PROVIDE THAT THE TAX CREDIT SHALL NOT EXCEED 50% OF THE AMOUNT OF TAX IMPOSED UPON THE TAXPAYER; TO PROVIDE THAT UNUSED PORTIONS OF THE CREDIT MAY BE CARRIED FORWARD FOR FIVE YEARS; TO LIMIT THE CUMULATIVE AMOUNT OF THE CREDIT THAT MAY BE CLAIMED; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/23/05 at 15:38.

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2005/pdf/History/SB/SB2349.htm