MS HB926

Brings forward existing Mississippi law (Sections 27-31-104 and 27-31-105) authorizing county boards of supervisors and municipal governing authorities to enter into fee-in-lieu of ad valorem tax agreements with enterprises

Fee-in-lieu agreements apply to new projects over $60,000,000, private companies with minimum $60,000,000 capital investment, qualified businesses meeting Mississippi Development Authority criteria, and existing enterprises with projects over $60,000,000

Minimum fee-in-lieu payment must be at least one-third (1/3) of the ad valorem taxes that would otherwise be due, including school district taxes

Agreements can last up to 30 years total, but no individual property can be subject to fee-in-lieu for more than 10 years; agreements require final approval by Mississippi Development Authority

Allows ad valorem tax exemptions for additions, expansions, or equipment replacements at existing enterprises for up to 10 years, though school district taxes cannot be exempted under this provision