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MS SB3169

Bill

Status

Failed

3/18/2025

Primary Sponsor

Josh Harkins

Click for details

Origin

Senate

2025 Regular Session

AI Summary

  • No income tax credits for job creation by alternative energy projects shall be awarded after December 31, 2025, under Section 27-7-22.29.

  • Certain sales and use tax exemptions for construction, expansion, and headquarters relocation in Tier Three, Tier Two, and Tier One areas shall not apply to sales made on or after July 1, 2025.

  • Mississippi Development Authority shall not accept applications or make eligibility determinations for incentive payments under the Mississippi Advantage Jobs Act after December 31, 2025.

  • No income tax credits for jobs under the Economic Development Reform Act shall be awarded for any tax year after 2025 under Section 57-73-21, subsections (2) through (5).

  • All provisions take effect July 1, 2025, effectively ending multiple business incentive programs as of that date.

Legislative Description

Economic development incentives; repeal/remove certain credits, exemptions and payments overlapping with mFlex.

Last Action

Died In Committee

3/18/2025

Committee Referrals

Ways and Means2/28/2025
Finance2/24/2025

Full Bill Text

No bill text available