Mississippi House Bill 631

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on March 5 2024 - 100% progression
Action: 2024-03-05 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Create An Incentive For Persons, Corporations Or Other Entities To Construct Hotels In This State; To Create The Hotel Construction Project Sales Tax Incentive Fund; To Authorize Incentive Payments From Such Fund To Approved Participants That Incur Costs To Construct Hotels In This State; To Provide That Incentive Payments Shall Cease On The Occurrence Of The Earlier Of The Date That An Aggregate Amount Of 30% Of The Approved Project Costs Incurred By An Approved Participant For A Hotel Project Has Been Paid To The Approved Participant Or 15 Years After The Date The Hotel Project Opens For Commercial Operation; To Require The Mississippi Development Authority To Administer The Program; To Amend Section 27-65-75, Mississippi Code Of 1972, To Provide That A Portion Of The Sales Tax Revenue Collected From The Operation Of A Hotel Project Shall Be Deposited, After Certain Diversions, Into The Hotel Construction Project Sales Tax Incentive Fund; And For Related Purposes.

Hotel construction projects; authorize sale tax incentive for.

Rep. William Arnold [R]

Date	Chamber	Action
2024-03-05	House	Died In Committee
2024-01-24	House	Referred To Ways and Means

Chapter	Article	Section	Citation Type	Statute Text
27	65	75	Amended Code	See Bill Text

Type	Source
Summary	https://billstatus.ls.state.ms.us/2024/pdf/history/HB/HB0631.xml
Text	https://billstatus.ls.state.ms.us/documents/2024/html/HB/0600-0699/HB0631IN.htm