(The following is for informational purposes only. The Parents’ Campaign has no position on these bills.)
These bills are alive as of this posting:
These bills are alive as of this posting:
HB 590 – Sales tax revenue collected from certain business activities within a revitalization zone is distributed to the municipality if the municipality received a loan under this act.
Loss to the General Fund is unknown. Passed House, amended in Senate, awaiting concurrence or non-concurrence.
HB 826 – Provides rebates to investors incurring qualified research costs.
Loss to the General Fund is estimated to be $5-million annually. In conference.
HB 841 – Reduces the rate of sales tax on sales of power and fuel to a producer of oil and gas for use in oil recovery or sequestration of carbon dioxide.
Loss to the General Fund is unknown. Signed into law 3/7/2013.
HB 844 – Sales tax exemption; exempts sales of power or fuel to certain enterprises for industrial purposes. Loss to the General Fund is estimated to be $5.16-million annually; loss to cities is estimated to be $957,000 annually; loss to School Ad Valorem Fund is estimated to be $156,000 annually; loss to Education Enhancement Fund is estimated to be $626,000 annually. Passed House, amended in Senate to add reverse repealer and send to conference.
HB 934 – Revises portions of the Qualified Equity Investment Tax Credit Program.
Loss to the General Fund is unknown. Passed House, amended in Senate, awaiting concurrence or non-concurrence.
HB 1003 – Authorizes the sale or transfer of the historic property income tax credit.
Loss to the General Fund is estimated to be $7.5-million. In conference.
HB 1322 – Authorizes tax credit for those employing veterans.
Loss the General Fund is unknown but has the potential to be very significant. Passed House, amended in Senate to add reverse repealer and send to conference.
SB 2806 – Includes Pearl Retail Outlet in the definition of a tourist project to be exempt from certain taxes.
Loss to General Fund estimated to be $6.14-million annually. Signed into law 2/26/2013.
Sources: Mississippi Department of Revenue, Mississippi Legislature website
