MS SB2939

Lowers the investment threshold for fee-in-lieu of ad valorem tax agreements from $100,000,000 to $60,000,000 for new enterprises enumerated in Section 27-31-101

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

Authorizes county boards of supervisors and municipal authorities to enter into these tax agreements, which must be approved by the Mississippi Development Authority

Fee-in-lieu agreements cannot exceed 20 years total, with no individual property subject to the fee for more than 10 years; the minimum fee must be at least one-third of the ad valorem taxes otherwise owed

Effective July 1, 2017, with provisions for qualified businesses meeting Mississippi Development Authority criteria expiring after June 30, 2022