Latest deadline has mixed results for business legislation
Wednesday’s deadline for floor action on bills that originated in the opposite chamber brought mixed results for legislation aimed at the state’s business community.
Of Secretary of State Delbert Hosemann’s legislative agenda, only a bill that would provide a 25 percent rebate to businesses that contract with one of the state’s colleges or universities for qualified research remains alive. The Strengthening Mississippi Academic Research Through (SMART) Business Act would cap rebates at $1 million per business and $5 million per fiscal year. It died in the 2012 session. It has been sent to conference.
Other bills Hosemann supported – tax credits for businesses relocating their headquarters to Mississippi, expanding existing headquarters and an employee pass-through tax credit – all died for the second consecutive session.
Mississippi Business Journal
3/14/13
