MS HB1939 | 2024 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on April 16 2024 - 100% progression
Action: 2024-04-16 - Died In Committee
Text: Latest bill text (Engrossed) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on April 16 2024 - 100% progression
Action: 2024-04-16 - Died In Committee
Text: Latest bill text (Engrossed) [HTML]
Summary
An Act To Provide That The Department Of Finance And Administration Shall Establish A Program To Provide An Income Tax Credit For Taxpayers Who Develop Property Used Or Formerly Used For Commercial Purposes In The Capitol Complex Improvement District For The Purpose Of Converting The Property To Residential Use; To Provide An Application Process For Taxpayers Who Desire To Participate In The Tax Credit Program; To Authorize A Refundable Income Tax Credit For Taxpayers Who Incur Costs For The Development Of Property As Provided In This Act; To Provide For The Amount Of The Tax Credit; To Provide That If The Amount Of The Tax Credit Claimed By A Taxpayer Exceeds The Amount Of Income Tax Liability Of The Taxpayer For A Taxable Year, The Taxpayer Shall Be Eligible To Receive A Refund From The Department Of Revenue For The Amount Of Such Excess; To Provide That In Lieu Of Receiving Such A Refund, A Taxpayer May Sell Or Transfer The Excess Portion Of The Tax Credit To Any Taxpayer Having A Liability For Income Taxes; And For Related Purposes.
Title
Income tax; authorize a credit for costs incurred for development of certain property in the Capitol Complex Improvement District.
Sponsors
| Rep. John Lamar [R] |
Roll Calls
2024-03-27 - House - House Passed (Y: 119 N: 0 NV: 3 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-16 | Senate | Died In Committee |
| 2024-04-10 | Senate | Referred To Finance |
| 2024-03-28 | House | Transmitted To Senate |
| 2024-03-27 | House | Passed |
| 2024-03-26 | House | Title Suff Do Pass |
| 2024-03-21 | House | Referred To Ways and Means |
