MS HB794 | 2012 | Regular Session
Status
Completed Legislative Action
Sponsorship: Partisan Bill (Republican 1)
Status: Failed on April 3 2012 - 100% progression
Action: 2012-04-03 - Died In Committee
Text: Latest bill text (Engrossed) [HTML]
Sponsorship: Partisan Bill (Republican 1)
Status: Failed on April 3 2012 - 100% progression
Action: 2012-04-03 - Died In Committee
Text: Latest bill text (Engrossed) [HTML]
Summary
An Act To Create An Incentive For Persons, Corporations Or Other Entities To Repair And Renovate Hotels In This State; To Create The Hotel Renovation Projects Sales Tax Incentive Fund; To Authorize Certain Incentive Payments From Such Fund To Approved Participants, That Incur Costs To Repair And Renovate 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 20% Of The Approved Project Costs Incurred By An Approved Participant For A Project Has Been Paid To The Approved Participant Or 10 Years After The Date Of Commencement Of Incentive Payments To An Approved Participant For A Project; To Require The Mississippi Development Authority To Administer The Program; To Amend Section 27-65-75, Mississippi Code Of 1972, To Provide That 25% Of The Sales Tax Revenue Collected From The Operation Of A Project Related To The Rental Of Guest Rooms Or Suites And Conference Rooms Shall Be Deposited, After Certain Diversions, Into The Hotel Renovation Projects Sales Tax Incentive Fund; And For Related Purposes.
Title
Hotel renovation projects sales tax incentive; authorize for certain projects.
Sponsors
Roll Calls
2012-03-08 - House - House Passed As Amended (Y: 90 N: 25 NV: 7 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2012-04-03 | Died In Committee | |
| 2012-03-15 | Referred To Tourism;Finance | |
| 2012-03-09 | Transmitted To Senate | |
| 2012-03-08 | Passed As Amended | |
| 2012-03-08 | Amended | |
| 2012-02-29 | Title Suff Do Pass | |
| 2012-02-29 | DR - TSDP: WM To TO | |
| 2012-02-27 | DR - TSDP: TO To WM | |
| 2012-02-20 | Referred To Tourism;Ways and Means |
