MS HB1611

Increases the maximum annual tax credit cap for telecommunications enterprises providing broadband service to institutions of higher learning from $2,000,000 to $2,510,000, effective July 1, 2018 for contracts entered into on or after July 1, 2017

Allows the Governor to issue payment credit vouchers to telecommunications enterprises in lieu of cash payments for broadband services, which can be applied against state income tax and corporation franchise tax liabilities

Permits unused tax credits to be transferred to related corporate members or refunded as an overpayment within 90 days of filing the applicable tax return

Extends the repeal date of the tax credit program from July 1, 2018 to July 1, 2028

Effective date of July 1, 2017