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MS SB2832
Bill
AI Summary
- Extends the repealer date for Mississippi's railroad infrastructure tax credit from January 1, 2027 to January 1, 2029
- Credit applies to Class II and Class III railroads for qualified reconstruction, replacement, or new rail infrastructure expenditures in Mississippi
- Credit amount equals 50% of qualified expenditures, capped at $5,000 per mile of track owned/leased for reconstruction projects or $1,000,000 per new rail-served customer project
- Total credits claimed by all taxpayers cannot exceed $8,000,000 per calendar year, with unused credits carried forward for five consecutive years
- Effective date is July 1, 2026
Legislative Description
Income tax; extend repealer on credit for certain railroad expenditures.
Last Action
Approved by Governor
3/13/2026
Committee Referrals
Ways and Means2/6/2026
Finance1/19/2026
Full Bill Text
No bill text available