MS HB753

Reenacts Sections 57-10-401 through 57-10-445 of Mississippi Code governing the Mississippi Business Finance Corporation's authority to issue bonds for economic development projects.

Removes the October 1, 2011 repeal date that would have terminated the corporation's bond-issuing authority, making the program permanent.

Expands eligible companies to include national or regional headquarters, research and development facilities, and technology-intensive enterprises meeting criteria established by the corporation.

Allows approved companies to receive state income tax credits up to total debt service paid under financing agreements, with tax credits not to exceed 80% of state taxes owed for projects approved after July 1, 1997.

Permits job development assessment fees (2-6% of employee wages based on hourly rate) to be collected from employees of approved companies, with employees receiving income tax credits for amounts assessed.