MS HB1417

Reenacts Sections 57-10-401 through 57-10-445 of Mississippi Code, which authorize the Mississippi Business Finance Corporation to issue bonds to finance economic development projects for eligible companies.

Repeals Section 57-10-449, which previously scheduled the automatic repeal of these economic development financing provisions on October 1, 2015, making the program permanent.

Amends Section 57-10-411 to change references from "State Tax Commission" to "Department of Revenue" to reflect the state agency name change.

Reenacts Section 27-7-22.3 to preserve tax credits for approved companies and employees, with credits based on debt service payments and job development assessment fees (ranging from 2-6% of gross wages depending on wage levels).

Applies different provisions based on project timeline: projects financed before July 1, 1994; between July 1, 1994 and July 1, 1997; and after July 1, 1997, each with varying terms for financing agreements and tax credit recoupment periods.