Mississippi House Bill 1541 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on February 26 2014 - 100% progression
Action: 2014-02-26 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Authorize An Income Tax Credit For Qualified Mississippi Cybersecurity Companies In Which Certain Investments Are Made; To Define Certain Terms; To Require Qualified Mississippi Cybersecurity Companies To Apply To The Mississippi Development Authority To Establish The Company's Eligibility For The Tax Credit; To Prescribe The Minimum Requirements That Must Be Satisfied By Companies Seeking The Tax Credit; To Prescribe The Amount Of The Tax Credit; To Provide That If The Amount Of Credit Claimed By A Qualified Mississippi Cybersecurity Company Exceeds The Amount Of Income Tax Imposed Upon The Company For The Taxable Year, Then The Company Shall Receive A Refund From The Department Of Revenue For The Amount Of The Excess; To Authorize The Mississippi Development Authority To Establish A Panel Of Experts In Cybersecurity Technology For Assistance In Determining Whether A Company Meets The Criteria To Be A Qualified Mississippi Cybersecurity Company; To Require Companies To Submit A Copy Of The Final Tax Credit Certificate Issued By The Mississippi Development Authority To The Department Of Revenue; To Establish The Mississippi Cybersecurity Investment Tax Credit Reserve Fund In The State Treasury And To Require Annual Appropriations To The Fund For The Purpose Of Offsetting The Tax Credit; To Require The Mississippi Development Authority To Submit An Annual Report To The Governor And The Legislature On The Tax Credit Certificates Awarded Under This Act; And For Related Purposes.

Income tax; provide a credit to qualified MS cybersecurity companies for certain investments in those companies.

Rep. Bobby Moak [D]

Date	Chamber	Action
2014-02-26	House	Died In Committee
2014-02-17	House	Referred To Ways and Means

Type	Source
Summary	https://billstatus.ls.state.ms.us/2014/pdf/history/HB/HB1541.xml
Text	https://billstatus.ls.state.ms.us/documents/2014/html/HB/1500-1599/HB1541IN.htm