MS HB766 | 2014 | Regular Session
Status
Completed Legislative Action
Sponsorship: Partisan Bill (Republican 1)
Status: Failed on February 13 2014 - 100% progression
Action: 2014-02-13 - Died On Calendar
Text: Latest bill text (Comm Sub) [HTML]
Sponsorship: Partisan Bill (Republican 1)
Status: Failed on February 13 2014 - 100% progression
Action: 2014-02-13 - Died On Calendar
Text: Latest bill text (Comm Sub) [HTML]
Summary
An Act To Provide An Income Tax Credit To Certain Individuals For The Development And Rehabilitation Of Surplus School Buildings For Teacher Housing And Economic Development Purposes; To Stipulate The Conditions Of Eligibility For Receipt Of Such Tax Credit; To Permit A 10-year Carryforward For Tax Credits That Exceed The Total State Income Tax Liability For The Year In Which The Developed Property Is Placed In Service; To Provide That The Aggregate Amount Of Tax Credits Awarded Shall Not Exceed $80,000,000.00; To Provide An Additional Credit To Owners Of Eligible Projects Against Mississippi Income Taxes In An Amount Equal To $2,500.00 Per Year For Each Tenant That Is A Public School Teacher; To Require The Board Of Trustees Of The Department Of Revenue To Establish Fees To Be Charged For The Services Performed In Administering The Provisions Of This Act; To Establish A Special Fund In The State Treasury For The Deposit Of Fees Collected By The Department For Administering The Tax Credit Program; And For Related Purposes.
Title
Tax credit; provide to eligible individuals who acquire and renovate surplus school property for economic development purposes.
Sponsors
| Rep. John Moore [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2014-02-13 | House | Died On Calendar |
| 2014-02-12 | House | Read the Third Time |
| 2014-02-03 | House | Title Suff Do Pass Comm Sub |
| 2014-02-03 | House | DR - TSDPCS: WM To ED |
| 2014-01-30 | House | DR - TSDPCS: ED To WM |
| 2014-01-20 | House | Referred To Education;Ways and Means |
