Bill
Bill > SB2858
MS SB2858
Mississippi Small Business Investment Company Act; increase the amount of investment tax credits that can be allocated under.
summary
Introduced
01/16/2023
01/16/2023
In Committee
02/22/2023
02/22/2023
Crossed Over
02/20/2023
02/20/2023
Passed
03/17/2023
03/17/2023
Dead
Signed/Enacted/Adopted
03/21/2023
03/21/2023
Introduced Session
2023 Regular Session
Bill Summary
An Act To Amend Section 57-115-5, Mississippi Code Of 1972, To Increase By $45,000,000.00 The Aggregate Amount Of Investment Tax Credits That May Be Allocated To Participating Investors Of Mississippi Small Business Investment Companies Under The Mississippi Small Business Investment Company Act; To Provide The Taxable Years In Which Participating Investors May Claim The Additional Credits So Allocated Against Their Premium Tax Liability; And For Related Purposes.
AI Summary
This bill increases the aggregate amount of investment tax credits that can be allocated to participating investors of Mississippi Small Business Investment Companies by $45,000,000, from $50,000,000 to $95,000,000. The bill allows the additional $45,000,000 in credits to be claimed by participating investors over a 5-year period from 2027 to 2032. The bill also sets deadlines for when the MDA must begin accepting applications for the additional $45,000,000 in credits and establishes rules for how the credits will be allocated and claimed by participating investors.
Committee Categories
Budget and Finance
Sponsors (5)
Kevin Blackwell (R)*,
Jenifer Branning (R)*,
Josh Harkins (R)*,
David Parker (R)*,
Mike Seymour (R)*,
Last Action
Approved by Governor (on 03/21/2023)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Loading...