MS SB2065

Increases the maximum aggregate amount of historic property rehabilitation income tax credits from $60 million to $100 million.

Extends the deadline for taxpayers to receive a certificate evidencing eligible credit from December 31, 2017 to December 31, 2031.

Allows taxpayers who received a written determination from the Mississippi Department of Archives and History before December 31, 2031 to claim the credit if issued a certificate on or after December 31, 2031.

Maintains the 25% income tax credit for rehabilitation costs of certified historic structures and structures in certified historic districts, with minimum cost thresholds of $5,000 for owner-occupied dwellings or 50% of property basis for other properties.

Takes effect July 1, 2016.