MS SB3008

Increases the aggregate amount of investment tax credits available under the Mississippi Small Business Investment Company Act by $50,000,000, bringing the total authorization to $100,000,000.

Establishes a new allocation period beginning July 1, 2018, with the additional $50,000,000 in credits divided into primary and secondary tax credit pools, mirroring the structure of the original allocation.

Allows participating investors to claim credits allocated under the new authorization over five years (2020-2024) at 20% per year against their state premium tax liability.

Permits secondary investment companies that participated in the 2012 allocation and partner with the same primary company to waive certain application requirements for the new 2018 allocation.

Establishes August 1, 2018, as the date the Mississippi Development Authority must begin accepting new applications for the additional credit allocation, with application deadline set 120-150 days thereafter.