Bill > HB964

This bill extends the authority of the Mississippi Business Finance Corporation to issue bonds for economic development projects by reenacting and amending several sections of Mississippi law. Specifically, the bill reestablishes the corporation's ability to issue revenue bonds to help finance economic development projects, such as manufacturing facilities, distribution centers, and telecommunications businesses, with the goal of creating jobs and generating tax revenue. The bill maintains provisions that allow approved companies to receive tax credits and job development assessment fees to help offset the costs of their economic development projects. Key provisions include allowing the corporation to issue bonds for up to 25 years, providing tax incentives for businesses, and establishing guidelines for how these economic development projects can be structured and financed. The bill extends the repealer date for these provisions from October 1, 2025, to October 1, 2028, effectively continuing the program for an additional three years. The legislation is designed to support economic growth in Mississippi by providing financial tools and incentives for businesses looking to locate or expand in the state.

Budget and Finance

https://billstatus.ls.state.ms.us/2025/pdf/history/HB/HB0964.xml