MS HB792 | 2023 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 31 2023 - 100% progression
Action: 2023-01-31 - Died In Committee
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 31 2023 - 100% progression
Action: 2023-01-31 - Died In Committee
Text: Latest bill text (Introduced) [HTML]
Summary
An Act To Create An Incentive For Persons, Corporations Or Other Entities To Construct Hotels In This State; To Create The Hotel Construction Project Sales Tax Incentive Fund; To Authorize Incentive Payments From Such Fund To Approved Participants That Incur Costs To Construct Hotels In This State; To Provide That Incentive Payments Shall Cease On The Occurrence Of The Earlier Of The Date That An Aggregate Amount Of 30% Of The Approved Project Costs Incurred By An Approved Participant For A Hotel Project Has Been Paid To The Approved Participant Or 15 Years After The Date The Hotel Project Opens For Commercial Operation; To Require The Mississippi Development Authority To Administer The Program; To Amend Section 27-65-75, Mississippi Code Of 1972, To Provide That A Portion Of The Sales Tax Revenue Collected From The Operation Of A Hotel Project Shall Be Deposited, After Certain Diversions, Into The Hotel Construction Project Sales Tax Incentive Fund; And For Related Purposes.
Title
Hotel construction projects; authorize sales tax incentive for.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2023-01-31 | House | Died In Committee |
2023-01-16 | House | Referred To Ways and Means |
Code Citations
Mississippi State Sources
Type | Source |
---|---|
Summary | https://billstatus.ls.state.ms.us/2023/pdf/history/HB/HB0792.xml |
Text | https://billstatus.ls.state.ms.us/documents/2023/html/HB/0700-0799/HB0792IN.htm |