MS SB2727

Authorizes a tax credit for telecommunications enterprises that deploy broadband equipment in unserved census tracts before July 1, 2014, at 10% of equipment costs, or 15% if deployed to community anchor institutions like schools and libraries.

Allows credits to be claimed annually for 10 consecutive years beginning in the year equipment is placed in service, with a maximum annual credit of 50% of the taxpayer's total tax liability.

Permits unused credits to be carried forward for 10 consecutive years, with total credits capped at the original investment amount in qualifying broadband equipment.

Amends existing broadband tax credit law to limit prior credits to investments made before July 1, 2012, defining "unserved areas" according to National Telecommunications and Information Administration standards.

Department of Information Technology Services must provide Department of Revenue a list of unserved census tracts, which remain designated as unserved even if broadband service later becomes available.