Mississippi House Bill 1253 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on February 27 2013 - 100% progression
Action: 2013-02-27 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Amend Section 57-73-21, Mississippi Code Of 1972, To Authorize An Income Tax Credit For Any Permanent Business Enterprise That Expands Its Labor Forces Into The State Of Mississippi From Outside The State Of Mississippi; To Provide For The Amount Of The Credit; To Provide That A Company May Not Receive A Credit In An Amount Greater Than $1,000,000.00 For Any One Taxable Year, And That The Maximum Cumulative Amount Of Tax Credits That May Be Claimed By All Taxpayers Claiming A Credit Under This Act In Any One State Fiscal Year Shall Not Exceed $3,000,000.00, Exclusive Of Credits That Might Be Carried Forward From Previous Taxable Years; To Provide That A Tax Credit Claimed Under This Act But Not Used In A Taxable Year May Be Carried Forward For Five Years From The Close Of The Tax Year In Which The Relocation Costs Were Paid; To Amend Sections 57-87-3, 57-87-5, 57-87-7 And 27-111-1, Mississippi Code Of 1972, In Conformity Thereto; And For Related Purposes.

Income tax; authorize a credit for portion of costs paid by a business enterprise to expand and relocate employees to this state.

Rep. Bobby Howell [R]

Date	Chamber	Action
2013-02-27	House	Died In Committee
2013-01-21	House	Referred To Ways and Means

Type	Source
Summary	https://billstatus.ls.state.ms.us/2013/pdf/history/HB/HB1253.xml
Text	https://billstatus.ls.state.ms.us/documents/2013/html/HB/1200-1299/HB1253IN.htm