Mississippi House Bill 1612 (Prior Session Legislation)

---

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on February 25 2015 - 100% progression
Action: 2015-02-25 - 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 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 $1,000,000.00, 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 costs paid by a business enterprise to expand and relocate employees to this state.

Rep. Jeffrey Smith [R]

Date	Chamber	Action
2015-02-25	House	Died In Committee
2015-02-18	House	Referred To Ways and Means

Type	Source
Summary	https://billstatus.ls.state.ms.us/2015/pdf/history/HB/HB1612.xml
Text	https://billstatus.ls.state.ms.us/documents/2015/html/HB/1600-1699/HB1612IN.htm