MS HB1239

Extends sales tax exemption on equipment sold to telecommunications enterprises for broadband technology deployment from July 1, 2020 to July 1, 2030.

Extends income tax credit and corporation franchise tax credit for telecommunications enterprises investing in broadband equipment from July 1, 2020 to July 1, 2030, with rates of 5% (Tier One areas), 10% (Tier Two areas), and 15% (Tier Three areas).

Extends ad valorem tax exemption for broadband technology equipment used by telecommunications enterprises from July 1, 2020 to July 1, 2030, providing a 10-year exemption period after equipment is placed in service.

Defines "equipment used in the deployment of broadband technologies" as equipment capable of transmitting information at rates of at least 384 kilobits per second in at least one direction, including fiber optics, routers, servers, and related equipment.