Mississippi House Bill 54 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on February 27 2019 - 100% progression
Action: 2019-02-27 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Authorize A Job Tax Credit For Supermarkets Located In Economically Distressed Communities In An Amount Equal To 10% Of The Payroll Of The Supermarket; To Provide That The Amount Of The Credit Taken In Any One Tax Year Shall Be Limited To An Amount Not Greater Than 50% Of The Taxpayer's State Income Tax Liability Attributable To Income Derived From Operations In The State For That Year; To Provide That The Aggregate Amount Of Tax Credits That May Be Awarded Under This Act In Any One Calendar Year Shall Not Exceed $4,000,000.00; To Amend Section 27-65-101, Mississippi Code Of 1972, To Exempt From Sales Taxation Sales Of Materials Used In The Construction Of A Supermarket That Is Located In An Area Designated As An Economically Distressed Community Pursuant To This Act, Or Any Addition Or Improvement Thereon, And Sales Of Any Machinery And Equipment Not Later Than Three Months After The Completion Of Construction Of The Building, Or Any Addition Or Improvement Thereon, To Be Used In The Supermarket; And For Related Purposes.

Income and sales tax; job tax credit for supermarkets in economically distressed communities, sales tax exemption for materials.

Rep. Jarvis Dortch [D]

Date	Chamber	Action
2019-02-27	House	Died In Committee
2019-01-11	House	Referred To Ways and Means

Type	Source
Summary	https://billstatus.ls.state.ms.us/2019/pdf/history/HB/HB0054.xml
Text	https://billstatus.ls.state.ms.us/documents/2019/html/HB/0001-0099/HB0054IN.htm