MS HB4045

Amends income tax exemptions for data center projects (Section 57-75-5(f)(xxxiii)) to prohibit the exemption from applying to any calendar year after 2026.

Creates the Mississippi Strategic Development Fund, requiring projects with capital investments exceeding $2 billion that enter fee-in-lieu of ad valorem tax agreements after July 1, 2026, to deposit a portion of fees on investments above $1 billion into the fund.

Authorizes the Mississippi Development Authority to expend monies from the Strategic Development Fund upon legislative appropriation for economic development purposes.

Revises distribution formulas for payments made by the Grand Gulf Nuclear Power Plant in-lieu of ad valorem taxes under Sections 19-9-151, 19-9-153, 19-9-155, and 27-35-309.

Extends the reverter date on fee-in-lieu ad valorem tax provisions and makes technical amendments to clarify that "qualified business or industry" includes companies and their affiliates.