MS SB2439

Extends the sales tax exemption on equipment used by telecommunications enterprises to deploy broadband technologies until July 1, 2022 (previously set to expire July 1, 2020).

Extends income and franchise tax credits for telecommunications enterprises investing in broadband deployment equipment until July 1, 2022, allowing credits of 5% (Tier One areas), 10% (Tier Two areas), or 15% (Tier Three areas) of equipment costs.

Extends the ad valorem tax exemption for broadband deployment equipment used by telecommunications enterprises until July 1, 2022, providing a 10-year exemption period from the date equipment is placed in service.

Applies to all three tax incentives: sales tax exemptions, income/franchise tax credits, and property tax exemptions for telecommunications equipment meeting broadband technology standards (transmission rates of at least 384 kilobits per second).

Takes effect June 30, 2020.