MS HB368 | 2015 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on February 25 2015 - 100% progression
Action: 2015-02-25 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

Summary

An Act To Create The "economically Distressed Municipalities Development Act" To Assist Certain Municipalities In Encouraging Economic Development; To Authorize The Mississippi Development Authority To Designate Certain Municipalities As Economically Distressed Municipalities; To Provide That Certain Municipalities May Apply To The Mississippi Development Authority For Designation As Economically Distressed Municipalities; To Provide Incentives In The Form Of Temporary Local Ad Valorem Tax Exemptions, State Income Tax, Franchise Tax And Sales Tax Exemptions And Loans For Approved Business Enterprises That Locate Or Expand In Economically Distressed Municipalities; To Authorize The Issuance Of State General Obligation Bonds To Provide Funds For The Loans Authorized Under This Act; To Amend Sections 27-7-21, 27-13-5, 27-13-7 And 27-65-101, Mississippi Code Of 1972, To Conform To The Provisions Of This Act; And For Related Purposes.

Tracking Information

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Title

Economically Distressed Municipalities Development Act; create.

Sponsors


History

DateChamberAction
2015-02-25HouseDied In Committee
2015-01-12HouseReferred To Municipalities;Ways and Means

Mississippi State Sources


Bill Comments 750

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