MS HB1305

Extends the deadline for the Mississippi Development Authority to allocate income tax and insurance premium tax credits for qualified equity investments from January 1, 2018, to January 1, 2021

Tax credits apply to investments in qualified community development entities that make qualified low-income community investments in Mississippi, including federal Indian reservations within the state

Maximum aggregate qualified equity investments cannot result in credits exceeding $15 million in any single state fiscal year, with one-third of that amount available for insurance premium tax credits

Credits equal 8% of the adjusted purchase price for each of the first three credit allowance dates for investments issued after July 1, 2008

Effective date of July 1, 2017