MS HB971

Reenacts the Mississippi Health Care Industry Zone Act (Sections 57-117-1 through 57-117-9) to continue providing tax incentives for qualified health care industry facilities that meet job creation and capital investment requirements.

Extends the repeal date of the Health Care Industry Zone Act from July 1, 2025 to July 1, 2028, allowing the program to continue for an additional three years.

Extends the expiration date of ad valorem tax exemptions and fee-in-lieu of ad valorem tax provisions for health care industry facilities from July 1, 2025 to July 1, 2028.

Extends the sales tax exemption for materials and equipment used in construction of health care industry facilities from July 1, 2025 to July 1, 2028, and extends broadband equipment tax exemptions for telecommunications enterprises to the same date.

Maintains existing restrictions prohibiting medical cannabis establishments from qualifying for any of the health care industry zone tax incentives.