Mississippi House Bill 1665 (Prior Session Legislation)

---

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on March 28 2012 - 100% progression
Action: 2012-03-28 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Amend Section 27-65-101, Mississippi Code Of 1972, To Exempt From Sales Taxation Sales And Leases Of Items Included In Certain Eligible Investments Made To Certain Manufacturing Enterprises; To Provide That A Manufacturing Enterprise That Elects To Utilize The Sales Tax Exemption Authorized By This Act Shall Not Be Eligible To Utilize The Manufacturing Investment Tax Credit Authorized By Section 27-7-22.30 For An Eligible Investment That Includes Items To Which The Sales Tax Exemption Is Applied; To Amend Section 27-7-22.30, Mississippi Code Of 1972, To Reduce To $250,000.00 The Amount Of Investment In Buildings And/or Equipment That Is Necessary For A Manufacturing Enterprise To Be Eligible For The Manufacturing Investment Tax Credit; To Provide That A Manufacturing Enterprise May Elect To Utilize The Sales Tax Exemption Authorized By This Act In Lieu Of The Manufacturing Investment Tax Credit; And For Related Purposes.

Sales tax; manufacturers eligible for the manufacturing investment tax credit may use a sales tax exemption in lieu of the credit.

Rep. Jeffrey Smith [R]

Date	Chamber	Action
2012-03-28		Died In Committee
2012-03-28		Referred To Ways and Means

Type	Source
Summary	https://billstatus.ls.state.ms.us/2012/pdf/history/HB/HB1665.xml
Text	https://billstatus.ls.state.ms.us/documents/2012/html/HB/1600-1699/HB1665IN.htm