MS SB3102

Amends Mississippi Code Section 57-73-21 to include entities that are qualifying businesses under the Mississippi Entertainment District Act within the definition of "business enterprise" for income tax jobs credit purposes.

Allows all net full-time jobs created within an entertainment district by qualifying businesses to be aggregated together when determining eligibility for tax credits, rather than calculating jobs individually by business.

Makes all qualifying businesses in an entertainment district eligible for tax credits once the aggregate number of net full-time jobs created in that district meets the applicable minimum job requirements (10 jobs for Tier Three, 15 jobs for Tier Two, 20 jobs for Tier One).

Tax credits are available for five years and based on payroll percentages: 10% in Tier Three areas, 5% in Tier Two areas, and 2.5% in Tier One areas.

Effective January 1, 2011.