Bill Text | History of Actions | Amendments | Background | Title |
Description: Tourism project sales tax incentive; authorize for certain tourism projects that locate in this state.
Bill Text: [Introduced] [Committee Substitute] [Passed Senate]
| 1 | 01/15 (S) Referred To Finance | |
| 2 | 01/30 (S) Title Suff Do Pass Comm Sub | |
| 3 | 02/08 (S) Committee Substitute Adopted | |
| 4 | 02/08 (S) Passed {Vote} | |
| 5 | 02/08 (S) Motion to Reconsider Entered | |
| 6 | 02/09 (S) Motion to Reconsider Tabled {Vote} | |
| 7 | 02/09 (S) Transmitted To House | |
| 8 | 02/12 (H) Referred To Tourism;Ways and Means | |
| 9 | 02/27 (H) Died In Committee |
| Lost | [S] | Amendment No 1 (Cmte Sub) Voice Vote |
| Effective date | July 1, 2007 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Three/Fifths |
Senate Committee:
House Committees:
Principal Author: Robertson
Code Section: A 027-0065-0075
Title: AN ACT TO CREATE AN INCENTIVE FOR PERSONS, CORPORATIONS OR OTHER ENTITIES TO LOCATE CERTAIN TOURISM PROJECTS IN THIS STATE; TO CREATE THE TOURISM PROJECT SALES TAX INCENTIVE FUND; TO AUTHORIZE CERTAIN INCENTIVE PAYMENTS FROM SUCH FUND TO PERSONS, CORPORATIONS OR OTHER ENTITIES THAT MAKE CAPITAL INVESTMENTS IN SUCH TOURISM PROJECTS; TO PROVIDE THAT INCENTIVE PAYMENT SHALL CEASE ON THE OCCURRENCE OF THE EARLIER OF THE DATE THAT AN AGGREGATE AMOUNT OF 30% OF THE APPROVED PROJECT COSTS INCURRED BY THE APPROVED PARTICIPANT FOR THE TOURISM PROJECT HAS BEEN PAID TO THE APPROVED PARTICIPANT OR 10 YEARS AFTER THE DATE THE TOURISM PROJECT OPENS FOR COMMERCIAL OPERATION; TO REQUIRE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO ADMINISTER THE PROGRAM; TO AMEND SECTION 27-65-75, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT 80% OF THE SALES TAX REVENUE COLLECTED FROM THE OPERATION OF A TOURISM PROJECT UNDER THE PROVISIONS OF THIS ACT SHALL BE DEPOSITED, AFTER CERTAIN DIVERSIONS, INTO THE TOURISM PROJECT SALES TAX INCENTIVE FUND; AND FOR RELATED PURPOSES.
End Of Document
2007/pdf/History/SB/SB3004.htm