MS SB2976

Authorizes issuance of up to $1,000,000 in state general obligation bonds to fund the "2021 Regulatory Sandbox Incentive Fund," with no bonds issued after July 1, 2025.

Creates special fund within State Treasury to offset federal and state regulatory burdens for eligible applicants approved for the Regulatory Sandbox Pilot Program, with maximum $50,000 per applicant.

Provides tax credit up to 50% of tax liability (maximum $20,000 per year) for eligible business applicants incurring regulatory compliance costs, with unused credits carrying forward five years.

Requires Mississippi Development Authority to evaluate applicants based on regulatory burden compliance costs, necessity for public health and safety, least restrictive nature of regulations, and capacity to test innovative products or services.

Permits Authority to use up to 25% of fund for reviewing state laws and regulations, analyzing risk frameworks for regulatory removal or waiver, and providing tax incentives to qualifying applicants.