MS SB2479

Reduces the minimum project investment threshold for new enterprises and private companies to qualify for fee-in-lieu agreements from $100,000,000 to $60,000,000.

Authorizes county boards and municipal authorities to enter into fee-in-lieu agreements with existing enterprises for projects totaling over $60,000,000 that have been operating in the county or municipality for at least 24 months.

Allows fee-in-lieu agreements for private companies with $100,000,000 minimum capital investment located in areas with Presidential Disaster Declarations issued after January 1, 2014, provided a majority of capital is from private sources.

Extends the maximum duration of fee-in-lieu agreements from 20 years to 30 years, effective through June 30, 2022, with subsequent version reverting to provisions aligned with the amended structure.

Applies new minimum capital investment requirements to projects with initial capital investment made on or after July 1, 2014; effective date July 1, 2018.