MS SB2858

Increases aggregate investment tax credits available under the Mississippi Small Business Investment Company Act by $45,000,000, bringing the total to $95,000,000 across three allocation periods.

Establishes a third allocation period beginning July 1, 2023, with $45,000,000 in credits divided between primary ($41,500,000) and secondary ($3,500,000) investment company pools.

Allows participating investors to claim credits from the new allocation as 16.66% annually from 2027-2031, with a final 16.7% claim in 2032.

Requires the MDA to begin accepting applications for the new 2023 credit allocation by August 1, 2023, and maintains existing requirements for investment thresholds, job creation targets, and company certifications.

Effective July 1, 2023.