MS SB2339 | 2020 | Regular Session

Status

Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 1)
Status: Failed on March 3 2020 - 100% progression
Action: 2020-03-03 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

Summary

An Act Entitled "the Mississippi Better Business Closure-relocation Act Of 2020" To Discourage New Or Current Employers From Closing A Business And Relocating To Another Jurisdiction Without Fulfilling Their Obligations After Receiving Any Governmental Support Or Benefits From The State Of Mississippi; To Require An Employer That Intends To Relocate A Business Or Operating Facility To Notify The Mississippi Department Of Revenue And To Provide A Civil Penalty For Noncompliance; To Direct The Department Of Revenue To Distribute The Relocation List To Affected State Agencies; To Provide That Any Such Employer In The Relocation List Shall Be Ineligible For State Grants, State Guaranteed Loans Or State Tax Benefits For Five Years With Certain Exceptions; To Amend Sections 31-7-15 And 31-7-47, Mississippi Code Of 1972, To Conform Commodity And Public Construction Preference Provisions In Conformity To This Act; And For Related Purposes.

Tracking Information

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Title

Business closure or relocation to another jurisdiction; provide penalties/ineligibility for state grants, loans and tax benefits.

Sponsors


History

DateChamberAction
2020-03-03SenateDied In Committee
2020-02-13SenateReferred To Economic and Workforce Development;Finance

Mississippi State Sources


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