Mississippi Senate Bill 2471 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 2-0)
Status: Failed on January 31 2017 - 100% progression
Action: 2017-01-31 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Amend Section 27-65-75, Mississippi Code Of 1972, To Authorize A Diversion To Counties Of A Portion Of The Sales Tax Revenue Collected On Business Activities Within A Redevelopment Project Developed Under The Tax Increment Financing Act If The County Has Issued Bonds Under The Tax Increment Financing Act To Finance All Or A Portion Of Such Redevelopment Project, Any Debt Service For Such Indebtedness Is Outstanding, And A Development With A Value Of $10,000,000.00 Or More Is, Or Will Be, Located In The Redevelopment Area; To Require The Revenue From Such Diversion To Be Utilized To Satisfy Such Indebtedness; To Provide That The Diversion Shall End The Month The Indebtedness Is Satisfied; To Amend Section 21-45-9, Mississippi Code Of 1972, In Conformity Thereto; And For Related Purposes.

Sales taxation; divert a portion of revenue to counties in which certain tax increment financing districts are located.

Sen. Joseph Seymour [R]

Sen. Brice Wiggins [R]

Date	Chamber	Action
2017-01-31	Senate	Died In Committee
2017-01-16	Senate	Referred To Finance

Type	Source
Summary	https://billstatus.ls.state.ms.us/2017/pdf/history/SB/SB2471.xml
Text	https://billstatus.ls.state.ms.us/documents/2017/html/SB/2400-2499/SB2471IN.htm