MS HB458

Reenacts Sections 57-10-401 through 57-10-447 of Mississippi Code relating to the Mississippi Business Finance Corporation's authority to issue bonds for economic development projects.

Extends the repeal date of Sections 57-10-401 through 57-10-445 and Section 27-7-22.3 from October 1, 2017 to October 1, 2020.

Maintains existing provisions allowing approved companies to receive tax credits against state income taxes for debt service payments under financing agreements with the corporation.

Preserves job development assessment fee provisions (2-6% of gross wages) that employees of approved companies may be required to pay, with corresponding state income tax credits.

Effective date: July 1, 2017.