MS HB1075

Amends Section 57-87-7 to revise the definition of "equipment used in the deployment of broadband technologies" from 384 kilobits per second to at least 25 megabits per second downlink and 3 megabits per second uplink for ad valorem tax exemption eligibility.

Requires qualifying broadband companies to provide fiber, cable, DSL, or fixed wireless access (FWA) services, with only FWA equipment specifically qualifying for the exemption.

Caps the maximum FWA exemption at 30% of total asset cost per FWA site and requires companies to provide notarized subscriber lists and confirm equipment compliance with FCC Broadband Data Collection filings.

Brings forward Section 57-73-21 (job tax credit provisions) for possible amendment, establishing different credit structures for applications before and after January 1, 2005.

Takes effect July 1, 2025.