MS HB1674

Reduces the minimum project investment threshold for fee-in-lieu of ad valorem tax agreements from $100,000,000 to $20,000,000 for projects by new enterprises enumerated in Section 27-31-101.

Extends the maximum duration of fee-in-lieu agreements from a single 10-year period to up to 30 years commencing from the date the fee-in-lieu period begins.

Restricts individual parcels of land, real property improvements, or personal property to no more than 10 years of fee-in-lieu status regardless of the overall agreement length.

Maintains the minimum fee-in-lieu payment at one-third of the ad valorem tax levy that would otherwise be due, including school district taxes.

Includes an effective date provision with different text applying through June 30, 2022, and modified language taking effect from July 1, 2022 onward.