Mississippi HB1063 amends tax exemption rules for energy projects and other businesses.
Mississippi HB1063 revises the definition of "project" to include facilities storing energy using battery energy storage systems for tax exemption purposes. It extends deadlines for certain tax exemptions and revises the fee-in-lieu minimum for specific projects. The bill also adds categories for energy projects and extends deadlines for certain exemptions. It affects businesses and projects eligible for ad valorem tax exemptions.
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