MS SB2474

Reenacts sections 57-10-401 through 57-10-445 governing the Mississippi Business Finance Corporation's authority to issue bonds for economic development projects, with provisions varying based on project dates and bond issuance timing.

Extends the repeal date for the corporation's bonding authority and related tax credit provisions from October 1, 2017 to October 1, 2022.

Maintains tax credit provisions allowing approved companies to receive credits against state income taxes up to the total debt service paid under financing agreements, with limits varying by project inception date.

Authorizes job development assessment fees on employee wages (2-6% based on wage level) to support bond retirement, with employees eligible for income tax credits equal to the assessment amount.

Amends section 57-10-411 to clarify that the Department of Revenue certifies state income tax liability and tax credits claimed by approved companies within 90 days of tax return filing.