MS SB2830

Extends the Mississippi Development Authority's deadline to allocate New Markets Tax Credits from July 1, 2021, to July 1, 2022.

Allows taxpayers holding qualified equity investments to claim tax credits up to 8% of the adjusted purchase price against income and corporate taxes.

Limits the maximum aggregate qualified equity investments allocated in any state fiscal year to amounts generating no more than $15,000,000 in credits, with one-third reserved for specific corporate tax types.

Requires qualified community development entities to apply with the MDA, pay a $1,000 application fee, and certify the dollar amount of qualified equity investments to be made in Mississippi.

Authorizes public entities to create public benefit corporations to engage in New Markets Tax Credit transactions for acquiring, renovating, or improving public property and facilities with terms up to 50 years.