MS SB3168

Excludes digital asset mining enterprises from data center tax exemptions and defines "digital asset mining" as using electricity to power computers to secure blockchain networks.

Increases minimum capital investment requirement for newly constructed data centers from $20 million to $250 million and requires creation of at least 35 new full-time jobs with minimum average annual salary of 125% of state average wage.

Establishes new category for data center additions or expansions requiring $100 million minimum capital investment and automatically qualifies these for up to two ten-year extensions of tax exemptions.

Adds electricity tax to the definition of "state tax" exemptions available to qualifying data centers.

Provides 60-day cure period for tax exemption holders found noncompliant during audits before forfeiting tax-exempt status, and requires expansion applicants to apply directly to the Department of Revenue.