HB4045

Mississippi HB4045 revises economic development incentives, including tax exemptions and fee-in-lieu agreements for certain projects.

Mississippi HB4045 amends the Mississippi Code to revise economic development incentives. It modifies the income tax exemption for certain data center projects, limiting it to calendar years before 2027. The bill also revises the definition of "project" under the Mississippi Major Economic Impact Act, expanding it to include various industrial and commercial projects. Additionally, it amends fee-in-lieu agreements for certain projects, specifying the minimum capital investments and job creation requirements.