MS HB1715

Authorizes the City of Canton and Madison County Economic Development Authority to enter into agreements granting tax exemptions or fee-in-lieu payments to qualifying new or expanding enterprises locating on specified properties within two miles of the city boundary.

Defines "qualified enterprise" to include new enterprises, manufacturing operations, utilities, and any businesses eligible for state-authorized ad valorem tax exemptions under Mississippi Code sections 27-31-104, 27-31-105, 27-31-101, and related provisions.

Permits agreements to bind the city in advance to approve tax exemption requests from qualified enterprises endorsed by the authority, with exemptions lasting up to the maximum duration permitted by state law.

Agreements may remain in effect for up to 30 years and are binding on successor governing authorities of the city and the economic development authority.

Specifies five parcels of land totaling approximately 1,027.795 acres in Madison County as eligible for the tax exemption program, with detailed legal descriptions of boundaries and carve-outs.