Monday, March 3, 2014

Dilbert update

Mississippi Secretary of State Jilbert Hosemann issued the following press release concerning his legislative agenda:


he Mississippi Legislature has made progress on several bills concerning Mississippi’s business laws. Below is an update on the bills the Mississippi Secretary of State’s Office is monitoring:

  • Uniform Trust Code - Adopted in over half the states, the Uniform Trust Code provides guidelines where none currently exist and creates a uniform, easy-to-find set of rules and body of trust law.
*SB 2727 (sponsored by Sen. Sean Tindell) passed the Senate and has been referred to the House Judiciary A committee for further consideration.
  • Trust Decanting – Currently, twenty (20) states have adopted decanting laws for trusts.  The bill would allow an authorized trustee to move assets from one irrevocable trust to another, if trust provisions become outdated or obsolete.
*HB 917 (sponsored by Rep. Trey Lamar) passed the House and has been referred to the Senate Judiciary A committee for further consideration.
  • Rule Against Perpetuities for Mississippi Trusts -  Would allow the settlor to opt out of the common law rule in favor of having the trust last no longer than 360 years.  The bill also provides for distribution of assets at the end of the trust term.
**HB 891(sponsored by Rep. Mark Baker) passed the House and is currently on the Senate calendar for consideration.
  • Qualified Disposition Trust – Would allow individuals to create a qualified disposition trust in Mississippi.  The proposal changes current law by allowing a self-settled trust to receive limited creditor protection.  The bill contains various exceptions to prevent fraud and to protect child support and alimony recipients.  The bill also requires the settlor to hold a general liability insurance policy in an amount no less than $1-million, and a professional liability policy if applicable.
*HB 846 (sponsored by Rep. Trey Lamar) passed the House and has been referred to the Senate Judiciary A committee for further consideration.
  • Headquarters Relocation Tax Credit - Provides a tax credit in the amount of actual relocation costs incurred by a business relocating its corporate headquarters to the State of Mississippi.
***HB 785 (sponsored by Rep. Jeff Smith) passed the House and has been transmitted to the Senate. SB 2152 (sponsored by Sen. Joey Fillingane) died in the Senate Finance committee.
  • Expansion Relocation Tax Credit – Provides a tax credit in the amount of actual relocation costs to existing businesses expanding labor forces in the State of Mississippi.  The businesses must qualify for the jobs tax credit provided in the Economic Development Reform Act and relocate employees to the State of Mississippi from outside the State.
***HB 784 (sponsored by Rep. Jeff Smith) passed the House and has been transmitted to the Senate. SB 2006 (sponsored by Sen. Joey Fillingane) died in the Senate Finance committee.
  • Employee Pass-Through Jobs Tax Credit - Allows a business receiving a jobs tax credit to pass all, or a portion, to one or more employees of the company in lieu of claiming the credit at the business level.
***HB 778 (sponsored by Rep. Jeff Smith) passed the House and has been transmitted to the Senate. SB 2107 (sponsored by Sen. Joey Fillingane) died in the Senate Finance committee.
  • Mississippi Entity Conversion and Domestication Act – Provides a single step process to either allow a business entity organized in another state to reorganize in Mississippi (domestication) or convert into another type of entity formation (conversion).
**SB 2322 (sponsored by Sen. Sally Doty) passed the Senate and is currently on the House calendar for consideration.
  • Name Reservation/Registration Amendment – Harmonizes name reservation across all business entity types by repealing name registration for foreign corporations and non-profits and repealing the sixty (60) day waiting period for re-reservations of LLCs and LPs.  Under the proposal, all business entities may reserve a name for six (6) months.  The business entity may renew the reservation within thirty (30) days of expiration.  Upon expiration, anyone may reserve the name.  
**SB 2511(sponsored by Sen. Sally Doty) passed the Senate and is currently on the House calendar for consideration.
  • Updates to the Mississippi Agricultural Marketing Cooperative Statutes – Mississippi's Agricultural Marketing Cooperative statutes are antiquated.  The bill provides cooperatives greater ability to do business with nonmembers, and gives directions for dissolution and the approval of bylaws.
**HB 914 (sponsored by Rep. Bobby Howell) passed the House and is currently on the Senate calendar for consideration. **SB 2418 (sponsored by Sen. Eugene “Buck” Clarke) passed the Senate and is currently on the House calendar for consideration.
  • Tax-Forfeited Property Bill – Allows corporations to purchase tax-forfeited land from the State, increasing the pool of potential purchasers.  The bill also caps the amount of tax forfeited land a corporation can purchase at 160 acres per year.
**SB 2394 (sponsored by Sen. David Blount) passed the Senate and is currently on the House calendar for consideration.
                                                                                                                                                 Delbert
If you would like to track the status of these bills, you may visit http://billstatus.ls.state.ms.us/ and enter the appropriate bill number in the search engine. Should you have any questions, please do not hesitate to contact Nathan Upchurch, Legislative Director, at (601) 359-2975 or Nathan.Upchurch@sos.ms.gov.

*Indicates the bill is subject to a March 4 deadline for committee action on a bill originating in the opposite house.
**Indicates the bill is subject to a March 12 deadline for floor action on a bill originating in the opposite house.
***Indicates the bill is subject to a March 18 deadline for floor action on a bill originating in its opposite house.

3 comments:

Anonymous said...

HB 914 - watch this one...wonder why it's there? Wonder where all that Madison acreage from bond defaults is going to go? It was all striken to the state. Watch the companies and who owns the companies buy up cheap real estate like you've never seen....

Keep a tab on that one KF

Anonymous said...

who gives a damn. Dilbert is just being dilbert - taking credit for anything that he thinks falls close to the purvue of the SOS office.

Dilbert is nothing but a bag of hot air crying because Thad decided to run again therefore denying him of what was rightfully his. So he and his 'girl' issue press releases trying satisfy his need to look important.

But JJ, we all realize that he is a loyal advertiser. Y'all keep on playing the game that anybody cares.

Helvetica Type said...

"PurvIEW," not "purvue." Your phonetics are on track, but the spelling of English words has been standardized for some centuries now (with little effect, alas, for commenters here). And while your imagery is entertaining, 9:38, I'm not sure I want to envisage a "bag of hot air crying." I like my cocktails mixed...my metaphors, not so much.



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Trollfest '09

Trollfest '07 was such a success that Jackson Jambalaya will once again host Trollfest '09. Catch this great event which will leave NE Jackson & Fondren in flames. Othor Cain and his band, The Black Power Structure headline the night while Sonjay Poontang returns for an encore performance. Former Frank Melton bodyguard Marcus Wright makes his premier appearance at Trollfest singing "I'm a Sweet Transvestite" from "The Rocky Horror Picture Show." Kamikaze will sing his new hit, “How I sold out to da Man.” Robbie Bell again performs: “Mamas, don't let your babies grow up to be Bells” and “Any friend of Ed Peters is a friend of mine”. After the show, Ms. Bell will autograph copies of her mug shot photos. In a salute to “Dancing with the Stars”, Ms. Bell and Hinds County District Attorney Robert Smith will dance the Wango Tango.

Wrestling returns, except this time it will be a Battle Royal with Othor Cain, Ben Allen, Kim Wade, Haley Fisackerly, Alan Lange, and “Big Cat” Donna Ladd all in the ring at the same time. The Battle Royal will be in a steel cage, no time limit, no referee, and the losers must leave town. Marshand Crisler will be the honorary referee (as it gives him a title without actually having to do anything).


Meet KIM Waaaaaade at the Entergy Tent. For five pesos, Kim will sell you a chance to win a deed to a crack house on Ridgeway Street stuffed in the Howard Industries pinata. Don't worry if the pinata is beaten to shreds, as Mr. Wade has Jose, Emmanuel, and Carlos, all illegal immigrants, available as replacements for the it. Upon leaving the Entergy tent, fig leaves will be available in case Entergy literally takes everything you have as part of its Trollfest ticket price adjustment charge.

Donna Ladd of The Jackson Free Press will give several classes on learning how to write. Smearing, writing without factchecking, and reporting only one side of a story will be covered. A donation to pay their taxes will be accepted and she will be signing copies of their former federal tax liens. Ms. Ladd will give a dramatic reading of her two award-winning essays (They received The Jackson Free Press "Best Of" awards.) "Why everything is always about me" and "Why I cover murders better than anyone else in Jackson".

In the spirit of helping those who are less fortunate, Trollfest '09 adopts a cause for which a portion of the proceeds and donations will be donated: Keeping Frank Melton in his home. The “Keep Frank Melton From Being Homeless” booth will sell chances for five dollars to pin the tail on the jackass. John Reeves has graciously volunteered to be the jackass for this honorable excursion into saving Frank's ass. What's an ass between two friends after all? If Mr. Reeves is unable to um, perform, Speaker Billy McCoy has also volunteered as when the word “jackass” was mentioned he immediately ran as fast as he could to sign up.


In order to help clean up the legal profession, Adam Kilgore of the Mississippi Bar will be giving away free, round-trip plane tickets to the North Pole where they keep their bar complaint forms (which are NOT available online). If you don't want to go to the North Pole, you can enjoy Brant Brantley's (of the Mississippi Commission on Judicial Performance) free guided tours of the quicksand field over by High Street where all complaints against judges disappear. If for some reason you are unable to control yourself, never fear; Judge Houston Patton will operate his jail where no lawyers are needed or allowed as you just sit there for minutes... hours.... months...years until he decides he is tired of you sitting in his jail. Do not think Judge Patton is a bad judge however as he plans to serve free Mad Dog 20/20 to all inmates.

Trollfest '09 is a pet-friendly event as well. Feel free to bring your dog with you and do not worry if your pet gets hungry, as employees of the Jackson Zoo will be on hand to provide some of their animals as food when it gets to be feeding time for your little loved one.

Relax at the Fox News Tent. Since there are only three blonde reporters in Jackson (being blonde is a requirement for working at Fox News), Megan and Kathryn from WAPT and Wendy from WLBT will be on loan to Fox. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both and a torn-up Obama yard sign will entitle you to free drinks served by Megan, Wendy, and Kathryn. Get your tickets now. Since this is an event for trolls, no ID is required. Just bring the hate. Bring the family, Trollfest '09 is for EVERYONE!!!

This is definitely a Beaver production.


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Trollfest '07

Jackson Jambalaya is the home of Trollfest '07. Catch this great event which promises to leave NE Jackson & Fondren in flames. Sonjay Poontang and his band headline the night with a special steel cage, no time limit "loser must leave town" bout between Alan Lange and "Big Cat"Donna Ladd following afterwards. Kamikaze will perform his new song F*** Bush, he's still a _____. Did I mention there was no referee? Dr. Heddy Matthias and Lori Gregory will face off in the undercard dueling with dangling participles and other um, devices. Robbie Bell will perform Her two latest songs: My Best Friends are in the Media and Mama's, Don't Let Your Babies Grow up to be George Bell. Sid Salter of The Clarion-Ledger will host "Pin the Tail on the Trial Lawyer", sponsored by State Farm.

There will be a hugging booth where in exchange for your young son, Frank Melton will give you a loooong hug. Trollfest will have a dunking booth where Muhammed the terrorist will curse you to Allah as you try to hit a target that will drop him into a vat of pig grease. However, in the true spirit of Separate But Equal, Don Imus and someone from NE Jackson will also sit in the dunking booth for an equal amount of time. Tom Head will give a reading for two hours on why he can't figure out who the hell he is. Cliff Cargill will give lessons with his .80 caliber desert eagle, using Frank Melton photos as targets. Tackleberry will be on hand for an autograph session. KIM Waaaaaade will be passing out free titles and deeds to crackhouses formerly owned by The Wood Street Players.

If you get tired come relax at the Fox News Tent. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both will entitle you to free drinks.Get your tickets now. Since this is an event for trolls, no ID is required, just bring the hate. Bring the family, Trollfest '07 is for EVERYONE!!!

This is definitely a Beaver production.

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