Mississippi House Bill 1663 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 4-0)
Status: Failed on March 28 2012 - 100% progression
Action: 2012-03-28 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Provide An Income Tax Credit For Residential Builders That Construct New Homes For Single-family, Owner-occupied Residential Use In Hancock, Harrison, Jackson, Pearl River, Stone And George Counties; To Provide For The Amount Of The Credit; To Provide That The Credit Shall Be For The Sales Tax Paid By The Taxpayer On The Purchase Of Component Materials Used By The Taxpayer In The Construction Of Such Homes; To Limit The Amount Of The Credit That May Be Claimed In A Taxable Year; To Provide That Any Unused Portion Of The Credit May Be Carried Forward For The Succeeding Five Tax Years; To Provide That Any Payment That Is Applied Toward The Credit Authorized In This Act May Not Be Used As A Deduction By The Taxpayer For State Income Tax Purposes;

Income tax; authorize a tax credit for residential builders constructing new single-family, owner-occupied homes in certain areas in the state.

Rep. Charles Busby [R]

Sen. Scott DeLano [R]

Rep. Greg Haney [R]

Rep. Jeffrey Smith [R]

Date	Chamber	Action
2012-03-28		Died In Committee
2012-03-28		Referred To Ways and Means

Type	Source
Summary	https://billstatus.ls.state.ms.us/2012/pdf/history/HB/HB1663.xml
Text	https://billstatus.ls.state.ms.us/documents/2012/html/HB/1600-1699/HB1663IN.htm