MS HB634 | 2011 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on February 23 2011 - 100% progression
Action: 2011-02-23 - Died In Committee
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on February 23 2011 - 100% progression
Action: 2011-02-23 - Died In Committee
Text: Latest bill text (Introduced) [HTML]
Summary
An Act To Amend Section 27-7-22.31, Mississippi Code Of 1972, To Authorize The Income Tax Credit Allowed For Costs And Expenses Incurred In The Rehabilitation Of Certified Historic Structures To Be Utilized By A Taxpayer Against His Corporation Franchise Tax Liability And Insurance Premium Tax Liability As Well As Income Tax Liability; To Provide That If The Amount Of The Credit Exceeds The Taxpayer's Tax Liability For The Year, The Taxpayer May Claim A Refund In The Amount Of 90% Of The Excess To Be Paid From Current Tax Collections; To Extend The Repeal Date On This Section Until December 31, 2014; And For Related Purposes.
Title
Historic property tax credit; expand use to franchise tax and insurance premium tax liability, allow refund of excess amount of credit.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2011-02-23 | Died In Committee | |
| 2011-01-13 | Referred To Ways and Means |
Mississippi State Sources
| Type | Source |
|---|---|
| Summary | https://billstatus.ls.state.ms.us/2011/pdf/history/HB/HB0634.xml |
| Text | https://billstatus.ls.state.ms.us/documents/2011/html/HB/0600-0699/HB0634IN.htm |
