MS SB2701

Amends Section 57-87-7, Mississippi Code of 1972, to clarify ad valorem tax exemption requirements for broadband equipment based on transmission speed.

Equipment placed in service on or before June 30, 2024, must transmit at least 384 kilobits per second in at least one direction to qualify for exemption.

Equipment placed in service after June 30, 2024, and before July 1, 2025, must meet minimum speeds of 25 megabits per second download and 3 megabits per second upload to qualify for exemption.

Exemption period remains ten years from the date equipment is placed in service for qualifying broadband deployment equipment used by telecommunications enterprises.

Effective July 1, 2024.