MS SB2373

Revises the "credit allowance date" definition for qualified equity investments to be the later of the date the investment is initially made or when the Mississippi Development Authority issues an allocation certificate.

Increases from 60 to 120 days the period after the Mississippi Development Authority allocates credits during which a qualified equity investment must be issued, or the allocation is cancelled and returned for reallocation.

Extends the deadline for the Mississippi Development Authority to allocate credits from January 1, 2014 to January 1, 2018.

Clarifies that municipal airport authorities are included in the definition of "public entity" for purposes of creating public benefit corporations for New Markets Tax Credit transactions involving public property and facilities.

Authorizes public entities to enter into financing arrangements and transfer public property to public benefit corporations for up to 50 years to facilitate New Markets Tax Credit transactions.