MS SB3106

Increases minimum capital investment requirement for data center business enterprises from $20 million to $500 million and minimum job creation from 20 to 50 full-time positions at 125% of average annual state wage.

Expands definition of "data center" to include one or more interconnected buildings at single or multiple physical locations owned, leased, or operated by a business enterprise that stores, manages, processes, or disseminates digital data.

Adds sales and use tax exemption on electricity purchased by data centers to existing exemptions for construction materials, replacement hardware/software, income tax, and franchise tax.

Requires business enterprises found noncompliant during audits to have 60 days from notice to remedy noncompliance before forfeiting tax-exempt status, subject to Mississippi Development Authority penalties.

Simplifies application requirements by removing the need for pro forma financial statements and project principals' expertise documentation, while keeping oversight of investment and job maintenance requirements.