MS SB2270

Reduces minimum capital investment requirement for aerospace industry business enterprises from $30 million to $25 million (in land, building and equipment).

Reduces minimum number of new full-time jobs required from 100 to 25 for aerospace industry enterprises to qualify for tax exemptions.

Requires new jobs created by aerospace enterprises to provide an average annual salary of at least 110% of the state average annual wage or county average annual wage (whichever is less), excluding non-taxable benefits.

Expands definition of "aerospace industry" operations to include processing of products, components and systems, and research and development or training services.

Expands eligible aerospace business operations to include manufacturing, assembly, or processing of products, components or systems for the aerospace industry.