MS SB3179

Provides 10-year sales, use, income, and franchise tax exemptions for clean energy and aerospace manufacturing businesses investing $30-50 million and creating 100-250+ jobs in Mississippi.

Exempts data centers from sales and use taxes on facility construction materials, equipment, and replacement technology if they invest $50 million and create 50+ jobs paying 150% of state average wage.

Creates $100 million Mississippi Industry Incentive Financing Fund administered by Mississippi Development Authority to make loans or grants to local governments and qualifying businesses for infrastructure and facilities.

Authorizes $2 million in general obligation bonds for Mississippi Rural Impact Fund and increases bond authority under Mississippi Business Investment Act from $316 million to $321 million.

Revises Mississippi Advantage Jobs Act to streamline definitions and change references from State Tax Commission to Department of Revenue for businesses applying for incentive payments on or after July 1, 2010.