Mississippi Senate Bill 2159 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on April 18 2022 - 100% progression
Action: 2022-04-18 - Approved by Governor
Text: Latest bill text (Enrolled) [HTML]

An Act To Create The "mississippi Flexible Tax Incentive Act"; To Define Terms; To Establish Requirements And Standards For Application To The Mississippi Development Authority For Certification And Award Of The Mississippi Flexible Tax Incentive; To Establish Requirements And Standards For The Certification And Award Of The Mississippi Flexible Tax Incentive By The Mississippi Development Authority To A Qualified Business Or Industry For A Qualified Economic Development Project; To Prescribe The Means Of Calculating And Applying Such Incentive; To Prohibit Utilization Of Certain Other Incentives In Combination With The Mississippi Flexible Tax Incentive; To Establish Requirements And Standards For Annual Reporting By A Qualified Business Or Industry, Modifications To Prior Tax Incentive Awards By The Mississippi Development Authority And Deadlines For The Utilization Of Such Incentive; To Authorize Audits By The Mississippi Department Of Revenue And Sharing Of Certain Information About Certain Incentive Awardees Between State Agencies; To Clarify That The Mississippi Development Authority Is Granted Exclusive Jurisdiction To Certify, Award And Make Any Adjustments To A Mississippi Flexible Tax Incentive For A Qualified Business Or Industry; To Authorize The Mississippi Development Authority And The Mississippi Department Of Revenue To Promulgate Rules And Regulations Necessary To Implement This Act; To Amend Section 27-7-309, Mississippi Code Of 1972, To Authorize The Application Of A Mississippi Flexible Tax Incentive As A Credit To Offset Withholding Tax Liability; To Amend Section 27-7-311, Mississippi Code Of 1972, To Exclude Any Mississippi Flexible Tax Incentive Applied As A Credit To Offset State Income Tax Liability From The Annual Statement Required To Be Filed With The Commissioner Of Revenue For An Employee; To Amend Section 27-13-5, Mississippi Code Of 1972, To Authorize The Application Of A Mississippi Flexible Tax Incentive As A Credit To Offset Franchise Tax Liability Of Mississippi Corporations; To Amend Section 27-13-7, Mississippi Code Of 1972, To Authorize The Application Of A Mississippi Flexible Tax Incentive As A Credit To Offset Franchise Tax Liability Of Foreign Corporations; To Amend Section 27-65-93, Mississippi Code Of 1972, To Require The Department Of Revenue To Issue A Direct Pay Permit To A Qualified Business Or Industry That Is Awarded A Mississippi Flexible Tax Incentive By The Mississippi Development Authority; To Amend Section 27-67-17, Mississippi Code Of 1972, To Authorize The Application Of A Mississippi Flexible Tax Incentive As A Credit To Offset State Use Tax Liability; To Amend Section 57-1-14, Mississippi Code Of 1972, To Delay Or Preclude Certain Information Provided In Applications And Annual Reports For The Mississippi Flexible Tax Incentive From Disclosure Pursuant To The Mississippi Public Records Act Of 1983; To Amend Section 27-7-22, Mississippi Code Of 1972, To Allow An Income Tax Credit For Any Qualified Business Or Industry Which Is Certified As Such By The Mississippi Board Of Economic Development Under The Mississippi Flexible Tax Incentive Act And Awarded A Tax Incentive Under The Act For A Qualified Economic Development Project; To Provide That From And After January 1, 2023, If The Amount Of Any Mflex Tax Incentive Or Other Incentive That A Qualified Business Or Other Entity Is Eligible To Receive Under The Mississippi Flexible Tax Incentive Act Is Less Than The Amount Of The Mflex Tax Incentive Or Other Incentive That The Qualified Business Or Other Entity Would Have Been Eligible To Receive Or To Use If The Mflex Tax Incentive Or Other Incentive Had Been Calculated Using Any Applicable Income Tax Rates In Section 27-7-5 That Were In Effect Before January 1, 2023, Then The Qualified Business Or Other Entity Shall Receive A Grant From The Mississippi Development Authority Equal To The Difference Between Such Two Amounts; To Amend Sections 57-62-9 And 57-62-11, Mississippi Code Of 1972, Which Are Sections Of The Mississippi Advantage Jobs Act; To Provide That From And After January 1, 2023, If The Amount Of The Incentive Payment That A Qualified Business Or Industry Is Eligible To Receive Under Such Act Is Less Than The Amount That The Incentive Payment Would Have Been If The Payment Had Been Calculated Using Any Applicable Income Tax Rates In Section 27-7-5 That Were In Effect Before January 1, 2023, Then The Qualified Business Or Industry Also Shall Receive A Grant Equal To The Difference Between Such Two Amounts; To Amend Sections 57-99-1, 57-99-3 And 57-99-5, Mississippi Code Of 1972, Which Are Sections Of The Mississippi Major Economic Impact Withholding Rebate Incentive Program, To Provide That From And After January 1, 2023, If The Amount Of The Incentive Payments That A Qualified Business Or Industry Is Eligible To Receive Under Such Program Is Less Than The Amount That The Incentive Payments Would Have Been If The Payments Had Been Calculated Using Any Applicable Income Tax Rates In Section 27-7-5 That Were In Effect Before January 1, 2023, Then The Qualified Business Or Industry Also Shall Receive A Grant Equal To The Difference Between Such Two Amounts; And For Related Purposes.

Mississippi Flexible Tax Incentive Act; create.

Sen. David Parker [R]

2022-03-28 - House - House Conference Report Adopted (Y: 120 N: 0 NV: 2 Abs: 0) [PASS]
2022-03-28 - Senate - Senate Conference Report Adopted (Y: 52 N: 0 NV: 0 Abs: 0) [PASS]
2022-03-15 - House - House Passed As Amended (Y: 115 N: 0 NV: 7 Abs: 0) [PASS]
2022-02-03 - Senate - Senate Passed (Y: 51 N: 0 NV: 1 Abs: 0) [PASS]

Date	Chamber	Action
2022-04-18		Approved by Governor
2022-04-04	House	Enrolled Bill Signed
2022-04-04	Senate	Enrolled Bill Signed
2022-03-28	Senate	Conference Report Adopted
2022-03-28	House	Conference Report Adopted
2022-03-27	Senate	Conference Report Filed
2022-03-27	House	Conference Report Filed
2022-03-27	House	Recommitted For Further Conf
2022-03-27	Senate	Recommitted For Further Conf
2022-03-26	Senate	Conference Report Filed
2022-03-26	House	Conference Report Filed
2022-03-22	House	Conferees Named Lamar,Steverson,Powell
2022-03-18	Senate	Conferees Named Harkins,Parker,Kirby
2022-03-17	Senate	Decline to Concur/Invite Conf
2022-03-16	House	Returned For Concurrence
2022-03-15	House	Passed As Amended
2022-03-15	House	Amended
2022-03-01	House	Title Suff Do Pass As Amended
2022-02-08	House	Referred To Ways and Means
2022-02-07	Senate	Transmitted To House
2022-02-03	Senate	Passed
2022-02-03	Senate	Committee Substitute Adopted
2022-02-01	Senate	Title Suff Do Pass Comm Sub
2022-02-01	Senate	DR - TSDPCS: FI To EC
2022-01-13	Senate	Referred To Finance;Economic and Workforce Development

Chapter	Article	Section	Citation Type	Statute Text
27	13	5	Amended Code	See Bill Text
27	13	7	Amended Code	See Bill Text
27	65	93	Amended Code	See Bill Text
27	67	17	Amended Code	See Bill Text
27	7	22	Repealed Code	See Bill Text
27	7	309	Amended Code	See Bill Text
27	7	311	Amended Code	See Bill Text
57	1	14	Amended Code	See Bill Text
57	62	11	Amended Code	See Bill Text
57	62	9	Amended Code	See Bill Text
57	99	1	Amended Code	See Bill Text
57	99	3	Amended Code	See Bill Text
57	99	5	Amended Code	See Bill Text

Type	Source
Summary	https://billstatus.ls.state.ms.us/2022/pdf/history/SB/SB2159.xml
Text	https://billstatus.ls.state.ms.us/documents/2022/html/SB/2100-2199/SB2159IN.htm
Text	https://billstatus.ls.state.ms.us/documents/2022/html/SB/2100-2199/SB2159CS.htm
Text	https://billstatus.ls.state.ms.us/documents/2022/html/SB/2100-2199/SB2159PS.htm
Text	https://billstatus.ls.state.ms.us/documents/2022/html/SB/2100-2199/SB2159SG.htm
Amendment	https://billstatus.ls.state.ms.us/documents/2022/html/ham/SB2159_H_Cmte_Amend_01.htm
Roll Call	https://billstatus.ls.state.ms.us/2022/pdf/votes/senate/0310008.pdf
Roll Call	https://billstatus.ls.state.ms.us/2022/pdf/votes/house/0710056.pdf
Roll Call	https://billstatus.ls.state.ms.us/2022/pdf/votes/senate/0840005.pdf
Roll Call	https://billstatus.ls.state.ms.us/2022/pdf/votes/house/0840024.pdf