Bill Text | History of Actions | Amendments | Background | Title |
Description: Income tax and insurance premium tax; authorize a credit for certain investments made by qualified development entities.
Bill Text: [Introduced] [Passed House] [Sent to Governor]
| 1 | 02/15 (H) Referred To Ways and Means | |
| 2 | 02/19 (H) Title Suff Do Pass | |
| 3 | 02/20 (H) Read the Third Time | |
| 4 | 02/21 (H) Passed {Vote} | |
| 5 | 02/22 (H) Transmitted To Senate | |
| 6 | 02/23 (S) Referred To Finance | |
| 7 | 03/12 (S) Title Suff Do Pass As Amended | |
| 8 | 03/13 (S) Amended | |
| 9 | 03/13 (S) Passed As Amended {Vote} | |
| 10 | 03/14 (S) Returned For Concurrence | |
| 11 | 03/15 (H) Decline to Concur/Invite Conf | |
| 12 | 03/19 (H) Conferees Named Watson,Brown,Moss | |
| 13 | 03/21 (S) Conferees Named Robertson,Hewes,Thomas | |
| 14 | 03/24 (H) Conference Report Filed | |
| 15 | 03/24 (S) Conference Report Filed | |
| 16 | 03/26 Suspend from Deadlines by HC 116 | |
| 17 | 03/27 (S) Conference Report Adopted {Vote} | |
| 18 | 03/28 (H) Conference Report Adopted {Vote} | |
| 19 | 04/03 (H) Enrolled Bill Signed | |
| 20 | 04/04 (S) Enrolled Bill Signed | |
| 21 | 04/18 Approved by Governor |
| Adopted | [S] | Committee Amendment No 1 Voice Vote |
| [S] | Amendment Report for House Bill No. 1727 |
| Conference Report |
| Effective date | January 1, 2007 | |
| Disposition | Law | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths | |
| Chapter number | 528 |
House Committee:
Senate Committee:
Principal Author: Watson
Additional Authors: Brown, Guice
Code Section: A 027-0015-0129
Title: AN ACT TO PROVIDE FOR AN INCOME TAX AND INSURANCE PREMIUM TAX CREDIT FOR TAXPAYERS THAT PAY A QUALIFIED COMMUNITY DEVELOPMENT ENTITY FOR QUALIFIED EQUITY INVESTMENTS; TO PROVIDE THAT THE AMOUNT OF THE CREDIT SHALL BE EQUAL TO A CERTAIN PERCENTAGE OF THE ADJUSTED PURCHASE PRICE PAID TO THE QUALIFIED COMMUNITY DEVELOPMENT ENTITY FOR THE QUALIFIED EQUITY INVESTMENT; TO PROVIDE THAT THE MAXIMUM AGGREGATE AMOUNT OF THE CREDITS THAT MAY BE ALLOCATED TO ALL TAXPAYERS IN ANY ONE STATE FISCAL YEAR SHALL NOT EXCEED $15,000,000.00 AND THAT THE CREDITS SHALL BE ALLOCATED BY THE MISSISSIPPI DEVELOPMENT AUTHORITY; TO PROVIDE FOR THE RECAPTURE OF ALL OR A PORTION OF THE CREDIT UNDER CERTAIN CIRCUMSTANCES; TO AMEND SECTION 27-15-129, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE INVESTMENTS THAT MAY REDUCE A TAXPAYER'S INSURANCE PREMIUM TAX LIABILITY UNDER SUCH SECTION SHALL NOT INCLUDE ANY INVESTMENT FOR WHICH A CREDIT IS ALLOCATED UNDER THIS ACT; AND FOR RELATED PURPOSES.
End Of Document
2007/html/History/HB/HB1727.htm