MS HB964

Reenacts sections 57-10-401 through 57-10-447 and 27-7-22.3 governing the Mississippi Business Finance Corporation's authority to issue bonds for economic development projects in the state.

Extends the repealer date for these provisions from October 1, 2025 to October 1, 2028, allowing the corporation to continue financing manufacturing, distribution, warehouse, telecommunications, and data processing facilities.

Authorizes approved companies to receive tax credits against state income taxes for debt service payments under financing agreements, with credits capped at total debt service paid or taxes due, whichever is less.

Permits approved companies to impose job development assessment fees on employees (2-6% of gross wages depending on wage level) with employees receiving corresponding tax credits against Mississippi income taxes.

Effective July 1, 2025.