Mississippi Senate Bill 2738 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 2-0)
Status: Failed on February 8 2018 - 100% progression
Action: 2018-02-08 - Died On Calendar
Text: Latest bill text (Introduced) [HTML]

An Act To Amend Section 27-65-75, Mississippi Code Of 1972, To Authorize A Diversion To Certain 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 portion of revenue to certain counties in which certain tax increment finance projects are located.

Sen. Joseph Seymour [R]

Sen. Brice Wiggins [R]

Date	Chamber	Action
2018-02-08	Senate	Died On Calendar
2018-01-30	Senate	Title Suff Do Pass
2018-01-15	Senate	Referred To Finance

Type	Source
Summary	https://billstatus.ls.state.ms.us/2018/pdf/history/SB/SB2738.xml
Text	https://billstatus.ls.state.ms.us/documents/2018/html/SB/2700-2799/SB2738IN.htm