2012
Regular Session
Income tax; authorize a credit for portion of costs paid by a business enterprise to expand and relocate employees to this state.
AN ACT TO AMEND SECTION 57-73-21, MISSISSIPPI CODE OF 1972, TO AUTHORIZE AN INCOME TAX CREDIT FOR ANY PERMANENT BUSINESS ENTERPRISE THAT EXPANDS ITS LABOR FORCES INTO THE STATE OF MISSISSIPPI FROM OUTSIDE THE STATE OF MISSISSIPPI; TO PROVIDE FOR THE AMOUNT OF THE CREDIT; TO PROVIDE THAT A COMPANY MAY NOT RECEIVE A CREDIT IN AN AMOUNT GREATER THAN $1,000,000.00 FOR ANY ONE TAXABLE YEAR, AND THAT THE MAXIMUM CUMULATIVE AMOUNT OF TAX CREDITS THAT MAY BE CLAIMED BY ALL TAXPAYERS CLAIMING A CREDIT UNDER THIS ACT IN ANY ONE STATE FISCAL YEAR SHALL NOT EXCEED $3,000,000.00, EXCLUSIVE OF CREDITS THAT MIGHT BE CARRIED FORWARD FROM PREVIOUS TAXABLE YEARS; TO PROVIDE THAT A TAX CREDIT CLAIMED UNDER THIS ACT BUT NOT USED IN A TAXABLE YEAR MAY BE CARRIED FORWARD FOR FIVE YEARS FROM THE CLOSE OF THE TAX YEAR IN WHICH THE RELOCATION COSTS WERE PAID; TO AMEND SECTIONS 57-87-3, 57-87-5, 57-87-7 AND 27-111-1, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; AND FOR RELATED PURPOSES.
04/17/12 at 16:35
H
B
971
House Bill 971
HB 971
H
Dead
Revenue
Yes
Three/Fifths
July 1, 2012
Workforce Development
F
../../House_cmtes/WD.xml
Ways and Means
F
../../House_cmtes/WM.xml
Finance
T
../../Senate_cmtes/FI.xml
Smith (39th)
../../House_authors/Smith_(39th).xml
Monsour
../../House_authors/Monsour.xml
Dixon
../../House_authors/Dixon.xml
A
../../code_sections/057/00730021.xml
A
../../code_sections/057/00870003.xml
A
../../code_sections/057/00870005.xml
A
../../code_sections/057/00870007.xml
A
../../code_sections/027/01110001.xml
1
02/20 (H) Referred To Workforce Development;Ways and Means
2
03/01 (H) DR - TSDP: WD To WM
3
03/05 (H) DR - TSDP: WM To WD
4
03/05 (H) Title Suff Do Pass
5
03/13 (H) Read the Third Time
6
03/27 (H) Passed
../../../../2012/pdf/votes/house/0850012.pdf
7
03/28 (H) Transmitted To Senate
8
03/29 (S) Referred To Finance
9
04/17 (S) Died In Committee
../../../../documents/2012/pdf/HB/0900-0999/HB0971PS.pdf
../../../../documents/2012/html/HB/0900-0999/HB0971PS.htm
../../../../documents/2012/pdf/HB/0900-0999/HB0971IN.pdf
../../../../documents/2012/html/HB/0900-0999/HB0971IN.htm
../../../../documents/2012/pdf/HB/0900-0999/HB0971PS.pdf
../../../../documents/2012/html/HB/0900-0999/HB0971PS.htm