MS HB934

Revises the definition of "credit allocation date" to include the date the Mississippi Development Authority issues a certificate allocating credits, in addition to the date the investment is initially made.

Changes the investment certification requirement for qualified community development entities from "anticipated" to actual or anticipated dollar amounts of qualified equity investments to be made during the first twelve-month period following the initial credit allowance date.

Requires qualified equity investments to be issued no later than 60 days from the date of credit allocation; failure to issue within this timeframe results in cancellation and return of the allocation for reallocation.

Clarifies that a qualified equity investment is deemed made on the later of the date the investment is actually made or the date the Mississippi Development Authority issues a certificate allocating credits based on that investment.

Establishes that the maximum amount of qualified low-income community investments for a single business cannot exceed $10,000,000 in aggregate across all qualified community development entities.