MS HB1166 | 2018 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on February 27 2018 - 100% progression
Action: 2018-02-27 - Died In Committee
Text: Latest bill text (Engrossed) [HTML]

Summary

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.

Tracking Information

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Title

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

Sponsors


Roll Calls

2018-01-31 - House - House Passed (Y: 114 N: 3 NV: 4 Abs: 0) [PASS]

History

DateChamberAction
2018-02-27SenateDied In Committee
2018-02-16SenateReferred To Finance
2018-02-01HouseTransmitted To Senate
2018-01-31HousePassed
2018-01-25HouseTitle Suff Do Pass
2018-01-15HouseReferred To Ways and Means

Mississippi State Sources


Bill Comments

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