2016
Regular Session
Historic tax credit and MS Small Business Investment Act; increase amount of credits that may be allocated under.
AN ACT TO AMEND SECTION 27-7-22.31, MISSISSIPPI CODE OF 1972, TO WHICH AUTHORIZES AN INCOME TAX CREDIT FOR COSTS AND EXPENSES INCURRED FOR THE REHABILITATION OF CERTAIN HISTORIC STRUCTURES, TO PROVIDE THAT THE CREDIT SHALL NOT APPLY TO SINGLE-FAMILY DWELLING UNLESS A CERTIFICATE EVIDENCING THE ELIGIBLE CREDIT HAS BEEN ISSUED TO THE TAXPAYER BY THE DEPARTMENT OF ARCHIVES AND HISTORY THAT APPLIES TO SUCH HOME PRIOR TO JULY 1, 2016, OR THE DWELLING IS LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES; TO INCREASE THE MAXIMUM AGGREGATE AMOUNT OF TAX CREDITS THAT MAY BE AWARDED; TO LIMIT THE AMOUNT OF CREDITS THAT MAY BE AWARDED IN ANY ONE STATE FISCAL YEAR; TO GRANT PRIORITY FOR THE TAX CREDIT TO TAXPAYERS WHO WERE ISSUED A CERTIFICATE EVIDENCING THE ELIGIBLE CREDIT PRIOR TO JULY 1, 2016; TO PROVIDE THAT THE TAX CREDIT SHALL APPLY TO TAXPAYERS WHO HAVE BEEN ISSUED A CERTIFICATE EVIDENCING THE ELIGIBLE CREDIT BEFORE DECEMBER 31, 2020, OR WHO, BEFORE DECEMBER 31, 2020, HAVE RECEIVED A DETERMINATION IN WRITING FROM THE MISSISSIPPI DEPARTMENT OF ARCHIVES AND HISTORY THAT THE REHABILITATION IS CONSISTENT WITH THE HISTORIC CHARACTER OF THE PROPERTY AND THAT THE PROPERTY MEETS THE UNITED STATES SECRETARY OF THE INTERIOR'S STANDARDS FOR REHABILITATION AND WHO ARE ISSUED A CERTIFICATE EVIDENCING THE ELIGIBLE CREDIT ON OR AFTER DECEMBER 31, 2020; TO AMEND SECTION 27-31-104, MISSISSIPPI CODE OF 1972, AS AMENDED BY HOUSE BILL NO. 1, 2016 FIRST EXTRAORDINARY SESSION, TO PROVIDE THAT A FEE-IN-LIEU OF AD VALOREM TAXES AGREEMENT MAY EXTEND FOR UP TO 20 YEARS FROM THE COMMENCEMENT OF THE FEE-IN-LIEU PERIOD GRANTED THEREIN, HOWEVER, NO PARTICULAR PARCEL OF LAND, REAL PROPERTY IMPROVEMENT OR ITEM OF PERSONAL PROPERTY SHALL BE SUBJECT TO A FEE-IN-LIEU OF AD VALOREM TAXES FOR A DURATION OF MORE THAN TEN YEARS; TO AMEND SECTION 57-26-1, MISSISSIPPI CODE OF 1972, TO REVISE THE DEFINITION OF THE TERMS "APPROVED PROJECT COSTS" AND "TOURISM PROJECT" UNDER THE TOURISM PROJECT SALES TAX INCENTIVE PROGRAM; TO AMEND SECTION 57-26-5, MISSISSIPPI CODE OF 1972, TO EXTEND UNTIL JULY 1, 2020, THE AUTHORITY OF THE MISSISSIPPI DEVELOPMENT AUTHORITY TO ISSUE CERTIFICATES DESIGNATING AN ENTITY AS AN APPROVED PARTICIPANT IN THE TOURISM PROJECT SALES TAX INCENTIVE PROGRAM; TO AMEND SECTION 57-89-7, MISSISSIPPI CODE OF 1972, TO EXTEND UNTIL JULY 1, 2017, THE AUTHORITY OF THE DEPARTMENT OF REVENUE TO APPROVE APPLICATIONS FOR A REBATE UNDER THE MISSISSIPPI MOTION PICTURE INCENTIVE ACT; TO PROVIDE THAT RAILROAD PROPERTIES AND FACILITIES OWNED BY A LIMITED LIABILITY COMPANY OR OTHER ENTITY THAT IS WHOLLY OWNED BY A RAILROAD AUTHORITY CREATED UNDER THE RAILROAD AUTHORITIES LAW SHALL BE EXEMPT FROM AD VALOREM TAXATION TO THE SAME EXTENT AS PROPERTY OWNED BY SUCH RAILROAD AUTHORITY; AND FOR RELATED PURPOSES.
06/27/2016 at 11:17
S
B
2922
Senate Bill 2922
SB 2922
S
Law
Revenue
Yes
Three/Fifths
July 1, 2016
483
Ways and Means
F
../../House_cmtes/WM.xml
Finance
F
../../Senate_cmtes/FI.xml
Fillingane
../../Senate_authors/Fillingane.xml
Dearing
../../Senate_authors/Dearing.xml
A
../../code_sections/027/00070022_31.xml
A
../../code_sections/027/00310104.xml
A
../../code_sections/057/00260001.xml
A
../../code_sections/057/00260005.xml
A
../../code_sections/057/00890007.xml
1
03/14 (S) Referred To Finance
2
03/15 (S) Title Suff Do Pass
3
03/16 (S) Amended
4
03/16 (S) Passed As Amended
../../../../2016/pdf/votes/senate/0720051.pdf
5
03/18 (S) Transmitted To House
6
04/01 (H) Referred To Ways and Means
7
04/04 (H) Title Suff Do Pass As Amended
8
04/04 (H) Amended
9
04/04 (H) Passed As Amended
../../../../2016/pdf/votes/house/0910005.pdf
10
04/04 (H) Motion to Reconsider Entered (Sykes, Smith, Lamar)
11
04/05 (H) Motion to Reconsider Tabled
12
04/05 (H) Returned For Concurrence
13
04/06 (S) Decline to Concur/Invite Conf
14
04/13 (S) Conferees Named Fillingane,Polk,Burton
15
04/15 (H) Conferees Named Smith,Lamar,Zuber
16
04/16 (H) Conference Report Filed
17
04/16 (S) Conference Report Filed
18
04/17 (H) Recommitted For Further Conf
19
04/17 (S) Recommitted For Further Conf
20
04/17 (H) Conference Report Filed
21
04/17 (S) Conference Report Filed
22
04/18 (H) Point of Order Raised
23
04/18 (H) Set Aside-Pend Ruling of Chair
24
04/18 (H) Point of Order-Not Well Taken
25
04/18 (H) Conference Report Adopted
../../../../2016/pdf/votes/house/1050048.pdf
26
04/18 (S) Conference Report Adopted
../../../../2016/pdf/votes/senate/1050069.pdf
27
04/26 (S) Enrolled Bill Signed
28
04/26 (H) Enrolled Bill Signed
29
05/12 Approved by Governor
../../../../documents/2016/pdf/SB/2900-2999/SB2922SG.pdf
../../../../documents/2016/dt/SB/2900-2999/SB2922SG.pdf
../../../../documents/2016/html/SB/2900-2999/SB2922SG.htm
../../../../documents/2016/pdf/SB/2900-2999/SB2922IN.pdf
../../../../documents/2016/dt/SB/2900-2999/SB2922IN.pdf
../../../../documents/2016/html/SB/2900-2999/SB2922IN.htm
../../../../documents/2016/pdf/SB/2900-2999/SB2922PS.pdf
../../../../documents/2016/dt/SB/2900-2999/SB2922PS.pdf
../../../../documents/2016/html/SB/2900-2999/SB2922PS.htm
../../../../documents/2016/pdf/SB/2900-2999/SB2922SG.pdf
../../../../documents/2016/dt/SB/2900-2999/SB2922SG.pdf
../../../../documents/2016/html/SB/2900-2999/SB2922SG.htm
../../../../documents/2016/pdf/cr/SB2922CR.pdf
../../../../documents/2016/dt/cr/SB2922CR.pdf
../../../../documents/2016/html/cr/SB2922CR.htm
Conference Report
../../../../documents/2016/pdf/cr/SB2922CR_2.pdf
../../../../documents/2016/dt/cr/SB2922CR_2.pdf
../../../../documents/2016/html/cr/SB2922CR_2.htm
Conference Report # 2
Amendment Report for Senate Bill No. 2922
../../../../documents/2016/pdf/ham/Amendment_Report_for_SB2922.pdf
../../../../documents/2016/dt/ham/Amendment_Report_for_SB2922.pdf
../../../../../documents/2016/html/ham/Amendment_Report_for_SB2922.htm
Committee Amendment No 1
Adopted
../../../../documents/2016/pdf/ham/SB2922_H_Cmte_Amend_01.pdf
../../../../documents/2016/dt/ham/SB2922_H_Cmte_Amend_01.pdf
../../../../../documents/2016/html/ham/SB2922_H_Cmte_Amend_01.htm
Voice Vote
Amendment No 1
Lost
../../../../documents/2016/pdf/sam/SB2922_S_Amend_01.pdf
../../../../../documents/2016/html/sam/SB2922_S_Amend_01.htm
Voice Vote
Amendment No 2
Adopted
../../../../documents/2016/pdf/sam/SB2922_S_Amend_02.pdf
../../../../../documents/2016/html/sam/SB2922_S_Amend_02.htm
Voice Vote
N
../../../../documents/2016/pdf/fiscalnotes/SB2922.pdf