MS HB1630

Lowers the minimum project investment threshold for new enterprises to qualify for fee-in-lieu of ad valorem tax agreements from $100,000,000 to $25,000,000

Maintains the $100,000,000 minimum capital investment requirement for private companies (as defined in Section 57-61-5) seeking fee-in-lieu agreements

Through June 30, 2022, qualified businesses meeting Mississippi Development Authority criteria remain eligible for fee-in-lieu agreements

County boards of supervisors and municipal authorities retain authority to negotiate and enter into these tax agreements, which require final approval from the Mississippi Development Authority

Effective date of July 1, 2017