MS SB2975

Authorizes issuance of up to $1,000,000 in state general obligation bonds to fund the "Regulatory Sandbox Incentive Fund for Energy Tech Innovation," with bonds maturing within 25 years and no bonds issued after July 1, 2025

Creates a special fund within the State Treasury to offset federal and state regulatory burdens for eligible applicants participating in a pilot program, with a cap of $50,000 for regulatory burden offsets per applicant

Provides a tax credit of 50% of tax liability for eligible applicants who incur regulatory compliance costs, with an annual maximum credit of $20,000 and unused portions carried forward for five years

Eligible applicants must be business enterprises selected by the Mississippi Development Authority based on regulatory burden costs, whether regulations protect public health/safety, and capacity to test innovative products without full licensing

Allows up to 25% of fund proceeds to be used for reviewing state laws inhibiting new agricultural companies, creating risk analysis frameworks for regulatory waivers, and providing tax incentives to pilot program participants