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MS SB2865
Bill
AI Summary
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Requires counties applying for a Certificate of Public Convenience and Necessity to specify whether they are seeking tax exemptions, incentives under Section 57-80-9(2), or both, and allows subsequent applications for different incentive types.
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Allows approved business enterprises in growth and prosperity counties or eligible supervisor's districts to negotiate with local governing authorities for relief from the Mississippi Health Care Certificate of Need Law for 10 years or until December 31, 2033, whichever occurs first.
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Establishes that health care relief incentives are nontransferable, require full compliance with state and local tax laws, and must be evidenced by an agreement with the Mississippi Development Authority containing performance requirements with provisions for termination if requirements are not met.
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Directs the Mississippi Development Authority to forward agreements to applicable counties, municipalities, agencies, or other entities for implementation of the incentives.
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Takes effect July 1, 2020.
Legislative Description
Growth and Prosperity Act; revise certain provisions regarding incentives.
Last Action
Died In Committee
3/3/2020