Highway funds bill dies while tax credit measures live on, for now
Catching up on a few things …
House Bill 791, which would have for all intents and purposes precluded state Highway 9 north of Blue Springs from ever having extensive improvements made to it, did not survive the deadline for committees to report bills that originated in the opposite chamber. Its life officially ended April 3.
Gary Chandler, head of Corinth’s Alliance, who opposed the bill along with officials from Tishomingo and Prentiss counties, said he hopes the issue is dead for the session.
“You never say never,” he said in an interview Friday. “We are monitoring the situation. This was awfully damaging to our efforts to make 9 north a supplier route for Toyota.” There remains the possibility that the bill could be revived as an amendment to another bill that deals with the same section of law.
Also dying was one of Secretary of State Delbert Hosemann’s business law proposals that would have allowed for a “pass-through” from employers to employees of a tax credit normally reserved for creating new jobs. Sharing that fate was another of Hosemann’s proposals to offer a 7 percent tax credit to companies who enter into a technology-based agreement with any of Mississippi’s research universities.
Two of Hosemann’s proposals remain alive, each of them a tax credit of some kind. One is a 50 percent tax credit for companies who relocate their headquarters here; another is a 50 percent tax credit for companies already headquartered here that choose to expand. Each sits in the Senate Finance Committee and faces an April 17 deadline to pass the Senate. Otherwise, they’ll die, too.