Mississippi Qualified Opportunity Zone Investment Incentive Program; establish.

Summary

The bill would establish the Mississippi Qualified Opportunity Zone Investment Incentive Program, offering up to 100% exemptions from ad valorem, state income, and sales taxes for qualifying projects for up to ten years. To qualify, a business must locate or expand in a federally designated opportunity zone, invest at least $3 million, create at least 30 full‑time jobs (with 60% of those workers residing in the zone), and remain in the zone for seven years. The program would be administered by the Mississippi Development Authority with oversight from the Department of Revenue and local governments.

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