MS HB1583

Amends the Growth and Prosperity Act to update how "eligible supervisors district" is determined for economic development tax incentives

Adds a new provision allowing districts to qualify if 30% or more of their population is at or below the federal poverty level according to the latest Census Bureau data, not just the 2000 census data

Maintains the original eligibility criteria based on June 30, 2000 population data and district boundaries as of January 1, 2001

Eligible supervisors districts must still be contiguous to a qualifying county and located in a county with a certificate of public convenience and necessity

Approved business enterprises in eligible areas receive exemptions from sales/use tax on construction materials, state income tax, franchise tax, and local ad valorem taxes (except school and public safety portions)