MS HB941

Extends the repealer date for the Mississippi Health Care Industry Zone Act from July 1, 2026 to July 1, 2029.

Reenacts Sections 57-117-1 through 57-117-9 of the Mississippi Code, which establish the framework for health care industry zones and qualified business certifications.

Extends related tax incentive provisions through July 1, 2029, including ad valorem tax exemptions and fee-in-lieu of ad valorem taxes for health care industry facilities.

Qualified health care industry facilities must create a minimum of 25 new full-time jobs and/or $10 million in capital investment to receive benefits under the act.

Tax incentives available to qualified businesses include accelerated state income tax depreciation, sales tax exemptions on construction materials and equipment, and up to 10 years of ad valorem tax exemptions.