Senate Bill 2846 Summary

• Reenacts sections 57-10-401 through 57-10-447 of the Mississippi Code governing the Mississippi Business Finance Corporation's authority to issue bonds for economic development projects.

• Extends the repeal date of the bond issuance authority and related tax credit provisions from October 1, 2022 to October 1, 2025.

• Adds eligibility for national/regional headquarters, research and development facilities, and technology-intensive enterprises meeting criteria established by the corporation.

• Excludes medical cannabis establishments from eligibility under the program.

• Reenacts Section 27-7-22.3 allowing approved companies tax credits against state income taxes for debt service paid under financing agreements with the corporation.