Repealed.

Miss. Code Ann. § 57-54-1
repealed
Sign in to generate a plain English summaryAsk Belisarius Agent
Repealed by Laws, 1989, ch. 524, § 34, eff from and after July 1, 1989. §§ 57-54-1 and 57-54-3 . [Laws, 1984, ch. 381, §§ 1, 2] § 57-54-5 . [Laws, 1984, ch. 381, § 3; Laws, 1985, ch. 457; Laws, 1986, ch. 376; Laws, 1988, ch. 518, § 66] § 57-54-7 . [Laws, 1984, ch. 381, § 4] § 57-54-9 . [Laws, 1984, ch. 381, § 5; Laws, 1987, ch. 411, § 2] § 57-54-11 . [Laws, 1984, ch. 381, § 8] Editor’s Notes — Former §§ 57-54-1 et seq. pertained to the Advanced Technology Initiative Act. Laws of 1984, ch. 381, § 10, provides as follows: “SECTION 10. This act shall take effect and be in force from and after July 1, and, except for Section 9 [repeals former §§ 57-53-1 thru 57-53-1 5] of this act, shall stand repealed from and after December 31, 1989; however, the repeal of this act shall not affect the terms under which any tax reduction is granted to a qualified business prior to December 31, 1989, pursuant to subsection (2) of Section 6 of this act [§ 27-7-22(2) ] or the terms of any contract executed pursuant to the provisions of this act, unless otherwise specifically provided by the terms of such contract.” Laws of 1989, ch. 524, § 34, provides as follows: “SECTION 34. With respect to any corporation, person or other entity determined prior to July 1, 1989, by the Department of Economic Development to be a qualified business, as defined in [former] Section 57-54-5(d), the repeal provided by this section shall not affect the terms upon which either any tax credit described in [former] Section 57-54-9(b) and Section 27-7-22(2) is granted to said qualified business pursuant to official action by the Department of Economic Development prior to July 1, 1989, or any sales or use tax exemption described in [former] Section 57-54-9(a) and Section 27-65-101 is granted to said qualified business pursuant to official action by the Department of Economic Development prior to July 1, 1989, and these as well as any other special tax incentives or financial assistance shall continue in full force and effect for the period of time for which they were granted by said official action of the Department of Economic Development.” Laws of 1989, ch. 524, § 36, provides as follows: “SECTION 36. The repeal or amendment of this act shall not reduce the terms of any tax reduction, special tax incentive or financial assistance agreed upon pursuant to official action by the Department of Economic Development, the State Tax Commission or other appropriate agency of the state or political subdivision thereof prior to the effective date of such repeal or amendment.”

Starting a business in Mississippi? Mississippi LLC guide: costs and requirements