MS HB988 | 2016 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on March 16 2016 - 100% progression
Action: 2016-03-16 - Died In Committee
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on March 16 2016 - 100% progression
Action: 2016-03-16 - Died In Committee
Text: Latest bill text (Introduced) [HTML]
Summary
An Act To Amend Section 37-7-485, Mississippi Code Of 1972, To Provide An Income Tax Credit For The Cost Of Rehabilitation, Restoration, Construction, Development Or Redevelopment Of Surplus School Buildings And Certain Other Property Or Facilities Currently Owned By, Or On Behalf Of Or For The Benefit Of, A Political Subdivision, Municipality, County, Or Any Junior Or Community College For Use As Housing, Assisted Living, Retail Manufacturing, Distribution, Wholesaling Or Any Other Business That Will Create At Least Five New Jobs And Cause The Property To Be Added To The Ad Valorem Tax Rolls As Eligible Property; To Authorize Such Credits To Be Transferred Or Sold; To Provide An Income Tax Credit To Be Used As A Subsidy For The Rent Of Public Schoolteachers Who Are Tenants In Such Property; To Authorize The Department Of Revenue To Establish Fees For Services Under This Redevelopment Program And To Establish A Special Fund Therefor; And For Related Purposes.
Title
Surplus school buildings and certain other property of political subdivisions; establish a tax credit for development and rehabilitation of.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2016-03-16 | House | Died In Committee |
| 2016-02-08 | House | Referred To Ways and Means |
Mississippi State Sources
| Type | Source |
|---|---|
| Summary | https://billstatus.ls.state.ms.us/2016/pdf/history/HB/HB0988.xml |
| Text | https://billstatus.ls.state.ms.us/documents/2016/html/HB/0900-0999/HB0988IN.htm |
