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MS SB2830

Bill

Status

Passed

4/15/2024

Primary Sponsor

David Parker

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Origin

Senate

2024 Regular Session

AI Summary

  • Revises the definition of "qualified business or industry" in Section 57-114-3 to align with the definition of "qualified economic development project" by clarifying that entities must make the minimum qualified investment and/or satisfy the minimum job creation requirement.

  • Changes the annual report filing deadline in Section 57-114-13 from the last business day of the month following the month of the project certification anniversary to the last business day of the month following the quarter during which the anniversary occurred.

  • Corrects the agency reference in Section 57-114-15(4) from the Department of Revenue to the Department of Employment Security regarding information sharing authority about qualified businesses receiving mFlex tax incentives.

Legislative Description

Mississippi Flexible Tax Incentive Act; revise definition and annual report due date, and correct agency reference.

Last Action

Approved by Governor

4/15/2024

Committee Referrals

Ways and Means3/14/2024
Finance2/19/2024

Full Bill Text

No bill text available