MS HB1359 | 2014 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 2-0)
Status: Failed on March 4 2014 - 100% progression
Action: 2014-03-04 - Died In Committee
Text: Latest bill text (Engrossed) [HTML]
Spectrum: Partisan Bill (Republican 2-0)
Status: Failed on March 4 2014 - 100% progression
Action: 2014-03-04 - Died In Committee
Text: Latest bill text (Engrossed) [HTML]
Summary
An Act To Create An Incentive For Persons, Corporations Or Other Entities To Repair And Renovate Hotels And Restaurants In This State; To Create The Hotel Renovation Projects Sales Tax Incentive Fund; To Create The Restaurant Renovation Projects Sales Tax Incentive Fund; To Authorize Certain Incentive Payments From Such Funds To Approved Participants That Incur Costs To Repair And Renovate Hotels And Restaurants In This State; To Provide That Incentive Payments Shall Cease On The Occurrence Of The Earlier Of The Date That An Aggregate Amount Of 20% Of The Approved Project Costs Incurred By An Approved Participant For A Project Has Been Paid To The Approved Participant Or 10 Years After The Date Of Commencement Of Incentive Payments To An Approved Participant For A Project; To Require The Mississippi Development Authority To Administer The Program; To Amend Section 27-65-75, Mississippi Code Of 1972, To Provide That 25% Of The Sales Tax Revenue Collected From The Operation Of A Project Shall Be Deposited, After Certain Diversions, Into The Hotel Renovation Projects Sales Tax Incentive Fund Or The Restaurant Renovation Projects Sales Tax Incentive Fund, As The Case May Be; And For Related Purposes.
Title
Hotel and restaurant renovation projects sales tax incentives; authorize for certain projects.
Sponsors
Roll Calls
2014-02-07 - House - House Passed As Amended (Y: 109 N: 4 NV: 9 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2014-03-04 | Senate | Died In Committee |
| 2014-02-17 | Senate | Referred To Finance |
| 2014-02-11 | House | Transmitted To Senate |
| 2014-02-07 | House | Passed As Amended |
| 2014-02-07 | House | Amended |
| 2014-02-07 | House | Committee Substitute Adopted |
| 2014-02-04 | House | Title Suff Do Pass Comm Sub |
| 2014-01-20 | House | Referred To Ways and Means |
