Economic development; revise incentives relating to certain projects.

Summary

The measure would eliminate the income‑tax exemption for data‑center projects after 2026, tighten the definition of “project” under the Major Economic Impact Act, and require a portion of fee‑in‑lie payments from projects with capital investments over $2 billion (and from nuclear‑plant payments) to be placed in a newly created Mississippi Strategic Development Fund. The fund’s money would be allocated by the Mississippi Development Authority for economic‑development purposes. The bill failed to pass and died on the calendar.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share