Senate Bill 2927 Summary

• Amends 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 under the Mississippi Entertainment District Act to be aggregated together to determine eligibility for tax credits.

• Permits all qualifying businesses in an entertainment district to receive tax credits when the aggregate number of net full-time jobs created in that district meets the applicable minimum job requirements (10, 15, or 20 jobs depending on tier).

• Effective date: January 1, 2013.