MS HB51 | 2018 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 30 2018 - 100% progression
Action: 2018-01-30 - Died In Committee
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 30 2018 - 100% progression
Action: 2018-01-30 - Died In Committee
Text: Latest bill text (Introduced) [HTML]
Summary
An Act To Amend Section 27-65-75, Mississippi Code Of 1972, To Authorize A Diversion To Counties Of A Portion Of The Sales Tax Revenue Collected On Business Activities Within A Redevelopment Project Developed Under The Tax Increment Financing Act If The County Has Issued Bonds Under The Tax Increment Financing Act To Finance All Or A Portion Of Such Redevelopment Project, Any Debt Service For Such Indebtedness Is Outstanding, And A Development With A Value Of $10,000,000.00 Or More Is, Or Will Be, Located In The Redevelopment Area; To Require The Revenue From Such Diversion To Be Utilized To Satisfy Such Indebtedness; To Provide That The Diversion Shall End The Month The Indebtedness Is Satisfied; To Amend Section 21-45-9, Mississippi Code Of 1972, In Conformity Thereto; And For Related Purposes.
Title
Sales tax; divert a portion of revenue to counties in which certain tax increment financing districts are located.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2018-01-30 | House | Died In Committee |
2018-01-02 | House | Referred To Ways and Means |
Mississippi State Sources
Type | Source |
---|---|
Summary | https://billstatus.ls.state.ms.us/2018/pdf/history/HB/HB0051.xml |
Text | https://billstatus.ls.state.ms.us/documents/2018/html/HB/0001-0099/HB0051IN.htm |