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MS HB1861

Bill

Official Source

Status

Failed

2/25/2026

Primary Sponsor

Ronnie Crudup

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Projects located within federally designated Qualified Opportunity Zones receive a 25% increase to their calculated mFlex tax incentive award
  • Projects in Qualified Opportunity Zones that also employ at least 5 full-time workers who reside within that zone receive a 50% increase to their mFlex tax incentive award
  • The bill amends the Mississippi Flexible Tax Incentive Act (Sections 57-114-9 and 57-114-13 of the Mississippi Code of 1972)
  • Effective date is July 1, 2026

Legislative Description

Mississippi Flexible Tax Incentive Act; revise method of determining tax incentive for certain qualified economic development projects.

Last Action

Died In Committee

2/25/2026

Committee Referrals

Ways and Means2/11/2026

Full Bill Text

No bill text available