MS SB2922 | 2016 | Regular Session
Status
Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on May 12 2016 - 100% progression
Action: 2016-05-12 - Approved by Governor
Text: Latest bill text (Enrolled) [HTML]
Spectrum: Bipartisan Bill
Status: Passed on May 12 2016 - 100% progression
Action: 2016-05-12 - Approved by Governor
Text: Latest bill text (Enrolled) [HTML]
Summary
An Act To Amend Section 27-7-22.31, Mississippi Code Of 1972, To Which Authorizes An Income Tax Credit For Costs And Expenses Incurred For The Rehabilitation Of Certain Historic Structures, To Provide That The Credit Shall Not Apply To Single-family Dwelling Unless A Certificate Evidencing The Eligible Credit Has Been Issued To The Taxpayer By The Department Of Archives And History That Applies To Such Home Prior To July 1, 2016, Or The Dwelling Is Listed On The National Register Of Historic Places; To Increase The Maximum Aggregate Amount Of Tax Credits That May Be Awarded; To Limit The Amount Of Credits That May Be Awarded In Any One State Fiscal Year; To Grant Priority For The Tax Credit To Taxpayers Who Were Issued A Certificate Evidencing The Eligible Credit Prior To July 1, 2016; To Provide That The Tax Credit Shall Apply To Taxpayers Who Have Been Issued A Certificate Evidencing The Eligible Credit Before December 31, 2020, Or Who, Before December 31, 2020, Have Received A Determination In Writing From The Mississippi Department Of Archives And History That The Rehabilitation Is Consistent With The Historic Character Of The Property And That The Property Meets The United States Secretary Of The Interior's Standards For Rehabilitation And Who Are Issued A Certificate Evidencing The Eligible Credit On Or After December 31, 2020; To Amend Section 27-31-104, Mississippi Code Of 1972, As Amended By House Bill No. 1, 2016 First Extraordinary Session, To Provide That A Fee-in-lieu Of Ad Valorem Taxes Agreement May Extend For Up To 20 Years From The Commencement Of The Fee-in-lieu Period Granted Therein, However, No Particular Parcel Of Land, Real Property Improvement Or Item Of Personal Property Shall Be Subject To A Fee-in-lieu Of Ad Valorem Taxes For A Duration Of More Than Ten Years; To Amend Section 57-26-1, Mississippi Code Of 1972, To Revise The Definition Of The Terms "approved Project Costs" And "tourism Project" Under The Tourism Project Sales Tax Incentive Program; To Amend Section 57-26-5, Mississippi Code Of 1972, To Extend Until July 1, 2020, The Authority Of The Mississippi Development Authority To Issue Certificates Designating An Entity As An Approved Participant In The Tourism Project Sales Tax Incentive Program; To Amend Section 57-89-7, Mississippi Code Of 1972, To Extend Until July 1, 2017, The Authority Of The Department Of Revenue To Approve Applications For A Rebate Under The Mississippi Motion Picture Incentive Act; To Provide That Railroad Properties And Facilities Owned By A Limited Liability Company Or Other Entity That Is Wholly Owned By A Railroad Authority Created Under The Railroad Authorities Law Shall Be Exempt From Ad Valorem Taxation To The Same Extent As Property Owned By Such Railroad Authority; And For Related Purposes.
Title
Historic tax credit and MS Small Business Investment Act; increase amount of credits that may be allocated under.
Sponsors
Roll Calls
2016-04-18 - Senate - Senate Conference Report Adopted (Y: 50 N: 1 NV: 1 Abs: 0) [PASS]
2016-04-18 - House - House Conference Report Adopted (Y: 102 N: 13 NV: 6 Abs: 0) [PASS]
2016-04-04 - House - House Passed As Amended (Y: 108 N: 7 NV: 6 Abs: 0) [PASS]
2016-03-16 - Senate - Senate Passed As Amended (Y: 49 N: 1 NV: 1 Abs: 0) [PASS]
2016-04-18 - House - House Conference Report Adopted (Y: 102 N: 13 NV: 6 Abs: 0) [PASS]
2016-04-04 - House - House Passed As Amended (Y: 108 N: 7 NV: 6 Abs: 0) [PASS]
2016-03-16 - Senate - Senate Passed As Amended (Y: 49 N: 1 NV: 1 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2016-05-12 | Approved by Governor | |
2016-04-26 | House | Enrolled Bill Signed |
2016-04-26 | Senate | Enrolled Bill Signed |
2016-04-18 | Senate | Conference Report Adopted |
2016-04-18 | House | Conference Report Adopted |
2016-04-18 | House | Point of Order-Not Well Taken |
2016-04-18 | House | Set Aside-Pend Ruling of Chair |
2016-04-18 | House | Point of Order Raised |
2016-04-17 | Senate | Conference Report Filed |
2016-04-17 | House | Conference Report Filed |
2016-04-17 | Senate | Recommitted For Further Conf |
2016-04-17 | House | Recommitted For Further Conf |
2016-04-16 | Senate | Conference Report Filed |
2016-04-16 | House | Conference Report Filed |
2016-04-15 | House | Conferees Named Smith,Lamar,Zuber |
2016-04-13 | Senate | Conferees Named Fillingane,Polk,Burton |
2016-04-06 | Senate | Decline to Concur/Invite Conf |
2016-04-05 | House | Returned For Concurrence |
2016-04-05 | House | Motion to Reconsider Tabled |
2016-04-04 | House | Motion to Reconsider Entered (Sykes, Smith, Lamar) |
2016-04-04 | House | Passed As Amended |
2016-04-04 | House | Amended |
2016-04-04 | House | Title Suff Do Pass As Amended |
2016-04-01 | House | Referred To Ways and Means |
2016-03-18 | Senate | Transmitted To House |
2016-03-16 | Senate | Passed As Amended |
2016-03-16 | Senate | Amended |
2016-03-15 | Senate | Title Suff Do Pass |
2016-03-14 | Senate | Referred To Finance |