MS HB1296

Extends the sales tax exemption on equipment sold to telecommunications enterprises for broadband technology deployment from July 1, 2020 to July 1, 2024.

Extends the income tax and corporation franchise tax credit for telecommunications enterprises investing in broadband equipment from July 1, 2020 to July 1, 2024, allowing credits of 5-15% depending on the tier area (Tier One, Two, or Three).

Extends the ad valorem tax exemption for broadband technology equipment used by telecommunications enterprises from July 1, 2020 to July 1, 2024, maintaining the 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 a rate of at least 384 kilobits per second in at least one direction, including fiber optics, routers, servers, and related equipment.

Becomes effective July 1, 2020.