MS HB727 | 2019 | Regular Session

Mississippi House Bill 727 (Prior Session Legislation)

Status

Completed Legislative Action
Sponsorship: Partisan Bill (Republican 1)
Status: Failed on February 5 2019 - 100% progression
Action: 2019-02-05 - 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.

History

Date	Chamber	Action
2019-02-05	House	Died In Committee
2019-01-17	House	Referred To Ways and Means

Mississippi State Sources

Type	Source
Summary	https://billstatus.ls.state.ms.us/2019/pdf/history/HB/HB0727.xml
Text	https://billstatus.ls.state.ms.us/documents/2019/html/HB/0700-0799/HB0727IN.htm