MS HB1528 | 2011 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on April 26 2011 - 100% progression
Action: 2011-04-26 - Approved by Governor
Text: Latest bill text (Enrolled) [HTML]

Summary

An Act To Create The Mississippi Small Business Investment Company Act; To Provide For An Insurance Premium Tax Credit For Insurance Companies That Invest Designated Capital In Mississippi Small Business Investment Companies For Investment In Qualified Businesses; To Define Certain Terms For The Purposes Of This Act; To Provide That The Amount Of The Credit Shall Be Equal To A Portion Of Designated Capital Invested By A Participating Investor In A Mississippi Small Business Investment Company; To Provide That The Tax Credits Authorized Under This Act Shall Be Allocated By The Mississippi Development Authority And That The Aggregate Amount Of The Tax Credits That May Be Allocated To All Participating Investors Under This Act Cannot Exceed $50,000,000.00; To Provide For The Recapture Of All Or A Portion Of The Credit Under Certain Circumstances; To Amend Section 27-15-129, Mississippi Code Of 1972, To Provide That The Investments That May Reduce A Taxpayer's Insurance Premium Tax Liability Under Such Section Shall Not Include Any Investment For Which A Credit Is Allocated Under This Act; And For Related Purposes.

Tracking Information

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Title

Mississippi Small Business Investment Company Act; create.

Sponsors


Roll Calls

2011-03-28 - House - House Conference Report Adopted (Y: 117 N: 3 NV: 2 Abs: 0) [PASS]
2011-03-27 - Senate - Senate Conference Report Adopted (Y: 47 N: 2 NV: 3 Abs: 0) [PASS]
2011-03-15 - Senate - Senate Passed As Amended (Y: 49 N: 1 NV: 2 Abs: 0) [PASS]
2011-02-23 - House - House Passed (Y: 119 N: 1 NV: 2 Abs: 0) [PASS]

History

DateChamberAction
2011-04-26 Approved by Governor
2011-04-04 Enrolled Bill Signed
2011-04-04 Enrolled Bill Signed
2011-03-28 Conference Report Adopted
2011-03-27 Conference Report Adopted
2011-03-26 Conference Report Filed
2011-03-26 Conference Report Filed
2011-03-22 Conferees Named Kirby,Clarke,Michel
2011-03-21 Conferees Named Watson,Norquist,Cockerham
2011-03-17 Decline to Concur/Invite Conf
2011-03-16 Returned For Concurrence
2011-03-15 Passed As Amended
2011-03-15 Amended
2011-03-10 Title Suff Do Pass As Amended
2011-02-25 Referred To Finance
2011-02-25 Transmitted To Senate
2011-02-23 Passed
2011-02-23 Committee Substitute Adopted
2011-02-23 Title Suff Do Pass Comm Sub
2011-02-16 Referred To Ways and Means

Mississippi State Sources


Bill Comments

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