SB3169: Economic development incentives; repeal/remove certain credits, exemptions and payments overlapping with mFlex.
Legislative Summary
An Act To Amend Section 27-7-22.29, Mississippi Code Of 1972, To Provide That No Income Tax Credits For Job Creation By Certain Alternative Energy Projects Shall Be Awarded Under The Section For Any Tax Year After 2025; To Amend Section 27-65-101, Mississippi Code Of 1972, To Provide That Certain Sales And Use Tax Exemptions For Construction, Expansion And Headquarters Relocation Shall Not Apply To Any Sales Made On Or After July 1, 2025; To Amend Sections 57-62-7 And 57-62-9, Mississippi Code Of 1972, To Provide That The Mississippi Development Authority Shall Not Accept Applications Or Make Eligibility Determinations For Incentive Payments Under The Mississippi Advantage Jobs Act After December 31, 2025; To Delete Obsolete Tiers Pertaining To Expired Incentives; To Amend Section 57-73-21, Mississippi Code Of 1972, To Provide That Certain Income Tax Credits For Jobs Under The Economic Development Reform Act Shall Not Be Awarded For Any Tax Year After 2025; To Delete An Obsolete Tier Pertaining To Expired Credits; And For Related Purposes.
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