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MS SB2794

Bill

Status

Failed

3/22/2016

Primary Sponsor

John Horhn

Click for details

Origin

Senate

2016 Regular Session

AI Summary

  • Renames the "Mississippi Technology Alliance" (MTA) to "Innovate Mississippi" throughout multiple sections of Mississippi Code, including all references in technology business assistance programs and related statutes.

  • Maintains existing programs unchanged: Research and Development Program, Mississippi New Technology Business Program (Levels 1 and 2), and Rural Innovation Program (Levels 1 and 2), which provide seed capital and working capital to technology-based businesses.

  • Preserves program funding limits: up to $100,000 annually/$200,000 total for Research and Development and Level 2 programs; up to $10,000 one-time for Level 1 programs.

  • Updates the legislative liaison committee name from "Mississippi Technology, Inc. Liaison Committee" to "Innovate Mississippi Liaison Committee" while maintaining the same oversight functions.

  • Continues the existing sales tax exemption for purchases by the organization, now under the Innovate Mississippi name.

Legislative Description

Mississippi Technology Alliance; change references in laws to Innovate Mississippi.

Last Action

Died In Committee

3/22/2016

Committee Referrals

Technology3/14/2016
Economic Development2/8/2016

Full Bill Text

No bill text available