MS SB2825

Extends the Mississippi Health Care Industry Zone Act repealer date from July 1, 2026 to July 1, 2028, along with related tax incentive provisions.

Simplifies certification requirements by removing the previous geographic restriction requiring location within three contiguous counties with 375+ acute care hospital beds or a county with a $250 million hospital investment.

Requires health care industry facilities to be located within an eight-mile radius of a hospital with at least 25 acute-care beds, or within eight miles of an accredited university/college along Mississippi Highway 67 that offers health care or pharmaceutical training.

Qualified businesses receive multiple tax benefits including accelerated 10-year state income tax depreciation, sales tax exemptions on construction materials, fee-in-lieu of ad valorem taxes, and ad valorem tax exemptions for up to 10 years.

Health care industry zone certification may be revoked by the Mississippi Development Authority after five years if the business fails to create the required minimum of 25 new full-time jobs or $10 million capital investment.