MS HB1546

Authorizes issuance of $215.375 million in general obligation bonds for capital improvements at state institutions of higher learning, state agencies, and community/junior colleges, with specific allocations to each institution.

Increases authorization limits for Mississippi Business Investment Act bonds from $323.1 million to $328.9 million and increases equipment/facilities grant fund from $32.5 million to $37.5 million.

Creates funding mechanisms for economic development projects including $2 million for Mississippi Rural Impact Fund, $10 million for Existing Industry Productivity Loan Fund, and $10 million for ACE Fund.

Authorizes $20 million for Economic Development Highway Act improvements, $20 million for local bridge replacement/rehabilitation, and smaller bond issues for specific projects (Jackson Zoo, railroad improvements, historical buildings, wastewater infrastructure).

Amends tax law provisions to exclude pharmaceutical distribution facility receipts from franchise tax calculations and allows 100% charitable contribution deduction for pharmaceutical product donations exceeding $250 million.