MS HB1634 | 2015 | Regular Session
Status
Completed Legislative Action
Spectrum: Moderate Partisan Bill (Republican 4-1)
Status: Failed on March 17 2015 - 100% progression
Action: 2015-03-17 - Died In Committee
Text: Latest bill text (Engrossed) [HTML]
Spectrum: Moderate Partisan Bill (Republican 4-1)
Status: Failed on March 17 2015 - 100% progression
Action: 2015-03-17 - Died In Committee
Text: Latest bill text (Engrossed) [HTML]
Summary
An Act To Create The Mississippi Health Care Industry Zone Master Plan Act; To Authorize The Mississippi Development Authority (mda) To Certify A Health Care Industry Zone Master Plan Community If Certain Requirements Are Met; To Provide That Municipalities That Have Health Care Master Plans Meeting The Requirements Of This Act May Acquire, Own And Lease Projects For The Purpose Of Targeting The Health Care And Life Science Industry; To Authorize Municipalities To Issue Bonds For The Purposes Of Defraying The Cost Of Acquiring Or Constructing Buildings For Such Projects Or Acquiring Land For Such Projects; To Create The Mississippi Health Care Industry Zone Master Plan Fund; To Provide That The Purpose Of The Fund Is To Assist In Maximizing Health Care Industry Zone Master Plan Economic Development Opportunities Related To Any New Or Expanded Health Care Or Life Science Related Business Or Industry; To Provide That Money In The Fund Shall Be Used By Mississippi Development Authority To Make Grants To Local Economic Development Entities To Assist Any New Or Expanding Health Care Or Life Science Related Business Or Industry That Meets The Criteria Provided In This Section When The Assistance Aids The Consummation Of A Project Within A Health Care Industry Zone Master Plan Community; To Create The Mississippi Health Care Industry Zone Master Plan Revolving Loan Fund; To Provide That Money In The Fund Shall Be Disbursed By Mississippi Development Authority As Loans To Qualified Health Care Facilities Or Businesses Located In A Health Care Industry Zone Master Plan Community By The Mississippi Development Authority For Costs Associated With Architectural Services, Engineering Services, Project Management Services, And Other Pre-construction And Post-construction Expenses And Construction Costs For Public, Private, For-profit And Nonprofit Entities To Initiate New Ventures Or Expand Existing Ventures; To Provide That To Be Eligible For A Loan Under This Section, The Mississippi Development Authority Must Certify That The Qualified Health Care Facility Or Business For Which The Loan Is Sought Will Create A Minimum Of 25 New Full-time Jobs And/or Have $10,000,000.00 Of Capital Investment; To Create The Mississippi Health Care Industry Zone Master Plan Job Training Grant Fund; To Provide That The Money In The Fund Shall Be Used For The Purpose Of Making Job Training Grants To Community And Junior Colleges, Public Universities And Local Workforce Investment Areas To Pay A Portion Of The Costs Of Providing Training Or Retraining For Employees Of Qualified Health Care Industry Facilities Or Businesses Locating In A Community That Has A Certified Health Care Zone Master Plan; To Provide That The Mississippi Development Authority Shall Administer The Fund; To Provide That The Fund Shall Be Funded By A Diversion Of Sales Tax Revenue; To Provide For The Amount Of The Grants; To Create The Mississippi Health Care Industry Zone Master Plan Advantage Jobs Fund; To Provide That The Money In The Fund Shall Be Used By The Mississippi Development Authority For The Purpose Of Making The Incentive Payments To Qualified Health Care Facilities Or Businesses; To Provide That A Qualified Health Care Facility Or Business That Provides An Average Annual Salary, Excluding Benefits Which Are Not Subject To Mississippi Income Taxes, Of At Least 100% Of The Most Recently Published State Average Annual Wage Or The Most Recently Published Average Annual Wage Of The County In Which The Qualified Health Care Facility Or Business Is Located As Determined By The Mississippi Department Of Employment Security, Whichever Is The Lesser, And Creates At Least 25 New Direct Jobs, Is Eligible For Incentive Payments; To Provide That The Fund Shall Be Funded By A Diversion Of The Withholding Tax Payments Made By The Qualified Health Care Facility Or Business; To Provide The Amount Of The Incentive Payments; To Provide For An Income Tax And Insurance Premium Tax Credit For Taxpayers That Pay A Qualified Community Development Entity For Qualified Equity Investments In A Certified Health Care Zone Master Plan Community; 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 $5,000,000.00 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 Such A Credit Is Allocated Under This Act; To Authorize The Issuance Of State General Obligation Bonds In The Amount Of $5,000,000.00 To Provide Funds For The Mississippi Health Care Industry Zone Master Plan Fund; To Authorize The Issuance Of State General Obligation Bonds In The Amount Of $5,000,000.00 To Provide Funds For The Mississippi Health Care Industry Zone Master Plan Revolving Loan Fund; To Amend Sections 27-7-312, 21-33-303 And 27-65-75, Mississippi Code Of 1972, In Conformity To The Provisions Of This Act; And For Related Purposes.
Title
Mississippi Health Care Industry Zone Master Plan Act; create to provide certain incentives for certain health care facilities.
Sponsors
| Rep. Henry Zuber [R] | Rep. Manly Barton [R] | Rep. Jeffrey Guice [R] | Rep. Alex Monsour [R] |
| Rep. Tom Miles [D] |
Roll Calls
2015-02-25 - House - House Passed (Y: 120 N: 0 NV: 2 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2015-03-17 | Senate | Died In Committee |
| 2015-03-04 | Senate | Referred To Finance |
| 2015-02-26 | House | Transmitted To Senate |
| 2015-02-25 | House | Passed |
| 2015-02-25 | House | Title Suff Do Pass |
| 2015-02-24 | House | Referred To Ways and Means |
