MS SB2826

Expands the definition of "approved business enterprise" to include manufacturers of high-end kitchen appliances that had at least 400 employees in Mississippi as of January 1, 2015, invest at least $20 million between July 1, 2014 and four years after July 1, 2015, and retain a minimum of 400 jobs

Authorizes issuance of $10 million in general obligation bonds to fund grants through the Mississippi Industry Incentive Financing Revolving Fund specifically for the newly defined high-end kitchen appliance manufacturer category

Bonds must be issued before July 1, 2019, with a maximum maturity of 25 years, and constitute general obligations backed by the full faith and credit of Mississippi

Bond proceeds and any investment earnings must be deposited into the Mississippi Industry Incentive Financing Revolving Fund, with earnings used to pay debt service on the bonds

Bonds issued under this provision are exempt from all Mississippi state taxation and qualify as legal investments for trustees, fiduciaries, savings banks, trust companies, and insurance companies