MS HB1665 | 2012 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on March 28 2012 - 100% progression
Action: 2012-03-28 - Died In Committee
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on March 28 2012 - 100% progression
Action: 2012-03-28 - Died In Committee
Text: Latest bill text (Introduced) [HTML]
Summary
An Act To Amend Section 27-65-101, Mississippi Code Of 1972, To Exempt From Sales Taxation Sales And Leases Of Items Included In Certain Eligible Investments Made To Certain Manufacturing Enterprises; To Provide That A Manufacturing Enterprise That Elects To Utilize The Sales Tax Exemption Authorized By This Act Shall Not Be Eligible To Utilize The Manufacturing Investment Tax Credit Authorized By Section 27-7-22.30 For An Eligible Investment That Includes Items To Which The Sales Tax Exemption Is Applied; To Amend Section 27-7-22.30, Mississippi Code Of 1972, To Reduce To $250,000.00 The Amount Of Investment In Buildings And/or Equipment That Is Necessary For A Manufacturing Enterprise To Be Eligible For The Manufacturing Investment Tax Credit; To Provide That A Manufacturing Enterprise May Elect To Utilize The Sales Tax Exemption Authorized By This Act In Lieu Of The Manufacturing Investment Tax Credit; And For Related Purposes.
Title
Sales tax; manufacturers eligible for the manufacturing investment tax credit may use a sales tax exemption in lieu of the credit.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2012-03-28 | Died In Committee | |
2012-03-28 | Referred To Ways and Means |
Mississippi State Sources
Type | Source |
---|---|
Summary | https://billstatus.ls.state.ms.us/2012/pdf/history/HB/HB1665.xml |
Text | https://billstatus.ls.state.ms.us/documents/2012/html/HB/1600-1699/HB1665IN.htm |