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MS SB3023
Bill
AI Summary
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Extends the repeal date from July 1, 2018 to July 1, 2028 for the program allowing the Governor to issue tax credit vouchers to telecommunications companies providing broadband services to Mississippi institutions of higher learning
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Increases the annual cap on tax credits from $2,000,000 to $2,510,000 per fiscal year
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Allows telecommunications enterprises to receive payment credit vouchers instead of cash payment for contracted broadband services, with credits applied against income and franchise tax liabilities
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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
Legislative Description
Income taxation; increase credits authorized for providers of broadband services at institutions of higher learning.
Last Action
Died In Committee
2/22/2017