Mississippi Senate Bill 2001 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Slight Partisan Bill (Republican 10-5)
Status: Passed on September 7 2011 - 100% progression
Action: 2011-09-07 - Approved by Governor
Text: Latest bill text (Enrolled) [HTML]

An Act To Amend Section 25, Chapter 533, Laws Of 2010, As Last Amended By Section 6, Chapter 480, Laws Of 2011, To Increase By $175,000,000.00 The Amount Of Bonds Authorized To Be Issued For The Mississippi Industry Incentive Financing Revolving Fund; To Amend Section 57-1-221, Mississippi Code Of 1972, To Clarify The Term "local Governments" Under The Mississippi Industry Incentive Financing Revolving Fund Program And To Authorize Local Governments To Sell, Lease Or Otherwise Dispose Of A Project Defined Under The Mississippi Industry Incentive Financing Revolving Fund Program Or Any Property Related To Such Project In Whole Or In Part; To Amend Section 57-62-5, Mississippi Code Of 1972, To Expand The Definition Of The Term "qualified Business Or Industry" Under The Mississippi Advantage Jobs Act To Include A Corporation, Limited Liability Company, Partnership, Sole Proprietorship, Business Trust Or Other Legal Entity And Subunits Or Affiliates Thereof Which Is A Manufacturer That Provides An Average Annual Salary, Excluding Benefits Which Are Not Subject To Mississippi Income Taxes, Of At Least 110% Of The Most Recently Published State Average Annual Wage Or The Most Recently Published Average Annual Wage Of The County In Which The Qualified Business Or Industry Is Located, Whichever Is The Lesser, That Has A Minimum Of 5,000 Existing Employees As Of The Last Day Of A Calendar Year, And That The Mississippi Development Authority Determines Will Create Not Less Than 3,000 New Direct Jobs Within 48 Months Of The Date The Mda Determines That The Applicant Is Qualified To Receive Incentive Payments Under The Act; To Amend Section 57-62-9, Mississippi Code Of 1972, To Provide That Such A Qualified Business Or Industry May Elect The Date Upon Which The Ten-year Incentive Payment Will Begin And Begin Receiving Incentive Payments As Early As The Second Quarter After That Date; To Provide That Such Incentive Payments Will Be Calculated On All Jobs Above The Existing Number Of Jobs As Of The Date The Mda Determines That The Applicant Is Qualified To Receive Incentive Payments; To Provide That In The Event That Such A Qualified Business Or Industry Falls Below The Number Of Existing Jobs At The Time Of Determination That The Applicant Is Qualified To Receive The Incentive Payment, The Incentive Payment Shall Cease Until The Qualified Business Or Industry Once Again Exceeds That Number; To Provide That If After 48 Months, The Qualified Business Or Industry Has Failed To Create At Least 3,000 Jobs, Incentive Payments Shall Cease And The Qualified Business Or Industry Shall Not Be Qualified To Receive Further Incentive Payments; To Amend Section 57-62-13, Mississippi Code Of 1972, In Conformity Thereto; And For Related Purposes.

Bonds; issue for Mississippi Industry Incentive Financing Revolving Fund and revise Mississippi Advantage Jobs Act.

Sen. Terry Brown [R]	Sen. Kelvin Butler [D]	Sen. Lydia Chassaniol [R]	Sen. Doug Davis [R]
Sen. Bob Dearing [D]	Sen. Joey Fillingane [R]	Sen. Thomas Gollott [R]	Sen. Billy Hudson [R]
Sen. Sampson Jackson [D]	Sen. Tom King [R]	Sen. Dean Kirby [R]	Sen. Perry Lee [R]
Sen. Bill Stone [D]	Sen. Giles Ward [R]	Sen. J.P. Wilemon [D]

2011-09-02 - House - House Passed (Y: 110 N: 4 NV: 8 Abs: 0) [PASS]
2011-09-02 - Senate - Senate Passed (Y: 51 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2011-09-07		Approved by Governor
2011-09-06		Enrolled Bill Signed
2011-09-06		Enrolled Bill Signed
2011-09-02		Transmitted To Senate
2011-09-02		Passed
2011-09-02		Title Suff Do Pass
2011-09-02		Referred To Ways and Means
2011-09-02		Transmitted To House
2011-09-02		Immediate Release
2011-09-02		Passed
2011-09-02		Title Suff Do Pass
2011-09-02		Referred To Finance

Type	Source
Summary	https://billstatus.ls.state.ms.us/20111E/pdf/history/SB/SB2001.xml
Text	https://billstatus.ls.state.ms.us/documents/20111E/html/SB/2001-2099/SB2001IN.htm
Text	https://billstatus.ls.state.ms.us/documents/20111E/html/SB/2001-2099/SB2001PS.htm
Text	https://billstatus.ls.state.ms.us/documents/20111E/html/SB/2001-2099/SB2001SG.htm
Roll Call	https://billstatus.ls.state.ms.us/20111E/pdf/votes/senate/0010002.pdf
Roll Call	https://billstatus.ls.state.ms.us/20111E/pdf/votes/house/0010008.pdf