Senate Bill 2808 Summary

• Amends Mississippi Code sections 57-114-3 and 57-114-15 to make minor technical corrections to the Mississippi Flexible Tax Incentive Act (mFlex).

• Brings forward sections 57-114-1, 57-114-5, 57-114-7, 57-114-9, 57-114-11, 57-114-13, 57-114-17, 57-114-19, and 57-114-21 for possible future amendment without substantive changes.

• Authorizes the Department of Revenue and Department of Employment Security to share audit findings and employment data with the Mississippi Development Authority regarding qualified businesses receiving mFlex tax incentives, with such information exempt from public records disclosure.

• Allows the Authority to adjust mFlex tax incentive awards if audits reveal reclassifications of equipment, changes in employee counts, or changes in average employer wages.

• Effective July 1, 2023.