Mississippi Senate Bill 2967 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on March 16 2021 - 100% progression
Action: 2021-03-16 - Died In Committee
Text: Latest bill text (Engrossed) [HTML]

An Act To Amend Section 57-73-23, Mississippi Code Of 1972, To Raise, From 50% To 75%, The Income Tax Credit Authorized For An Employer Providing Dependent Care For Employees During Work Hours; To Amend Section 27-7-22.3, Mississippi Code Of 1972, To Change The Maximum Amount Of The Economic Development Income Tax Credit To The Amount Of Interest Expense Paid Under A Financing Agreement, Not To Exceed 80% Of The Amount Of Taxes Due Before The Application Of The Credit; To Amend Section 27-65-101, Mississippi Code Of 1972, To Remove The Sales Tax Exemptions For Sales Of Component Building Materials And Equipment For Initial Construction Or Expansion Of Certain Facilities, For Sales And Leases Of Machinery And Equipment Acquired In The Initial Construction To Establish Certain Facilities, And For Sales Of Component Materials Used In The Construction Of A Building, Or Any Addition Or Improvement Thereon, And Sales Or Leases Of Machinery And Equipment Not Later Than Three Months After The Completion Of The Construction Of The Facility, To Be Used In The Facility, To Certain Permanent Business Enterprises Operating A Facility Producing Renewable Crude Oil From Biomass Harvested Or Produced, In Whole Or In Part, In Mississippi; To Amend Section 57-10-439, Mississippi Code Of 1972, To Exclude Sales Tax And Use Tax From The Tax Exemptions Authorized For Bond Financing Of Certain Business And Economic Development Projects; To Amend Section 57-73-21, Mississippi Code Of 1972, To Repeal The Subsections Authorizing Tax Credits For Permanent Business Enterprises In Counties Designated By The Department Of Revenue As Tier One, Tier Two And Tier Three Areas, For New Full-time Employees In Jobs Requiring Research And Development Skills, And For Companies Relocating Their National Or Regional Headquarters To Mississippi; To Provide That Any Taxpayer Who Is Eligible, Before July 1, 2021, For The Credit Authorized In A Repealed Subsection Shall Remain Eligible And Shall Be Allowed To Carry Forward The Credit After July 1, 2021, Notwithstanding The Repeal Of The Subsection; To Repeal Sections 57-113-1, 57-113-3, 57-113-5 And 57-113-7, Mississippi Code Of 1972, Which Constitute The Article Authorizing Tax Exemptions For Clean Energy Generation And Aerospace Industry Enterprises; To Amend Sections 27-3-4, 27-7-21, 27-7-22.28, 27-7-312, 27-13-5, 27-13-7 And 57-99-3, Mississippi Code Of 1972, In Conformity To The Above; To Bring Forward Sections 27-7-22.7, 27-7-22.23, 27-7-22.25, 27-7-22.35, 27-65-75, 57-1-451, 57-10-409, 57-28-1, 57-28-3 And 57-28-5, Mississippi Code Of 1972, For The Purpose Of Possible Amendment; And For Related Purposes.

Taxation; amend or repeal certain tax credits, exemptions and incentives.

Sen. David Parker [R]

2021-02-18 - Senate - Senate Passed As Amended (Y: 39 N: 0 NV: 13 Abs: 0) [PASS]

Date	Chamber	Action
2021-03-16	House	Died In Committee
2021-03-16	House	Recommitted to Committee
2021-03-16	House	Amendment Tabled
2021-03-15	House	Read the Third Time
2021-03-11	House	Title Suff Do Pass As Amended
2021-02-24	House	Referred To Ways and Means
2021-02-23	Senate	Transmitted To House
2021-02-18	Senate	Passed As Amended
2021-02-18	Senate	Amended
2021-02-17	Senate	Title Suff Do Pass
2021-02-17	Senate	DR - TSDP: FI To EC
2021-02-16	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	3	4	Amended Code	See Bill Text
27	65	101	Amended Code	See Bill Text
27	65	75	New Code	See Bill Text
27	7	21	Amended Code	See Bill Text
27	7	22	Amended Code	See Bill Text
27	7	312	Amended Code	See Bill Text
57	1	451	New Code	See Bill Text
57	10	409	New Code	See Bill Text
57	10	439	Amended Code	See Bill Text
57	113	1	Repealed Code	See Bill Text
57	113	3	Repealed Code	See Bill Text
57	113	5	Repealed Code	See Bill Text
57	113	7	Repealed Code	See Bill Text
57	28	1	New Code	See Bill Text
57	28	3	New Code	See Bill Text
57	28	5	New Code	See Bill Text
57	73	21	Amended Code	See Bill Text
57	73	23	Amended Code	See Bill Text
57	99	3	Amended Code	See Bill Text

Type	Source
Summary	https://billstatus.ls.state.ms.us/2021/pdf/history/SB/SB2967.xml
Text	https://billstatus.ls.state.ms.us/documents/2021/html/SB/2900-2999/SB2967IN.htm
Text	https://billstatus.ls.state.ms.us/documents/2021/html/SB/2900-2999/SB2967PS.htm
Amendment	https://billstatus.ls.state.ms.us/documents/2021/html/sam/SB2967_S_Amend_01.htm
Amendment	https://billstatus.ls.state.ms.us/documents/2021/html/ham/SB2967_H_Cmte_Amend_01.htm
Roll Call	https://billstatus.ls.state.ms.us/2021/pdf/votes/senate/0450003.pdf