2025 Regular SessionMississippi Legislature

HB1501: Economic development project; revise certain definition of and allow counties and municipalities to enter into agreement with qualified business enterprises.

Legislative Summary

An Act To Amend Section 17-25-27, Mississippi Code Of 1972, To Revise The Definition Of An Economic Development Project To Also Include Qualified Projects, As Defined In The Mississippi Flexible Tax Incentive Act; And To Authorize A Board Of Supervisors Of A County And/or The Governing Authority Of A Municipality To Enter Into An Agreement With A Qualified Business Enterprise To, Either Individually Or Cooperatively, Fund Or Reimburse The Qualified Business Enterprise For Certain Qualified Project Costs Incurred In Connection With A Qualified Development Or Redevelopment Project Solely Using Revenues Derived From The Project; And For Related Purposes.

Demographic Impact

Overall analysis of equity impact

60% Positive
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Bill History

1/20/2025
Referred To Ways and Means
House of Representatives
2/4/2025
Title Suff Do Pass
House of Representatives
2/12/2025
Passed
House of Representatives
2/13/2025
Transmitted To Senate
House of Representatives
2/17/2025
Referred To Economic and Workforce Development
Senate
2/27/2025
Title Suff Do Pass As Amended
Senate
3/12/2025
Died On Calendar
Senate

Amendments

Senate Committee Amendment No 1

Committee Amendment No 1

Not Adopted

Roll Call Votes

House Passed
2/12/2025
114
Yea
0
Nay
6
Not Voting
0
Absent
Result: PASSED

Status Information

Current Status
Failed(3/12/2025)
Chamber
Senate

Sponsors

Republican: 1
Democrat: 1

Documents

Engrossed
Bill Text2/13/202515.2 KB
Introduced
Bill Text1/22/202514.9 KB