MS SB2846

Increases the aggregate amount of investment tax credits available under the Mississippi Small Business Investment Act by $50,000,000, bringing the total from $50 million to $100 million

Creates a new allocation pool effective July 1, 2016, with the additional $50 million divided between primary Mississippi small business investment companies and a $3.5 million secondary tax credit pool

Allows participating investors to claim the new credits against premium tax liability at 20% per year over five years, from taxable years 2019 through 2023

Requires applications for certification as a Mississippi small business investment company for the new credits to be accepted beginning August 1, 2016

Maintains job creation requirements of at least one job paying 125% of state average annual wage per $150,000 in credits, with jobs maintained for at least three years