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MS HB1460
Bill
Status
3/15/2011
Primary Sponsor
David Norquist
Click for details
AI Summary
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Amends Section 57-73-21, Mississippi Code of 1972, to include entities that are qualifying businesses under the Mississippi Entertainment District Act within the definition of "business enterprise" for income tax jobs credit purposes.
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Requires all net full-time jobs created within an entertainment district by qualifying businesses under the Mississippi Entertainment District Act to be aggregated together when determining eligibility for tax credits in Tier One, Two, and Three areas.
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Allows all qualifying businesses in an entertainment district to become eligible for tax credits once the aggregate number of net full-time jobs created in that district meets the applicable minimum job requirement (10, 15, or 20 jobs depending on tier).
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Takes effect January 1, 2011.
Legislative Description
Income tax, jobs credit; aggregate jobs created by qualifying bus. in entertainment dist. for purposes of minimum jobs req.
Last Action
Died In Committee
3/15/2011