Bill > SB3169

This bill aims to modify and phase out several economic development incentives in Mississippi by establishing sunset dates for various tax credits and exemptions. Specifically, the bill amends multiple sections of Mississippi law to stop awarding income tax credits, sales tax exemptions, and incentive payments for economic development projects after December 31, 2025, or July 1, 2025, depending on the specific program. The bill targets incentives for job creation in different county "tiers" (areas classified by unemployment rates and per capita income), alternative energy projects, headquarters relocations, and various business sectors such as manufacturing, technology, and telecommunications. These changes effectively wind down several economic development programs that have been in place to encourage business growth and job creation in Mississippi, with the goal of streamlining and potentially reducing state economic incentives. The bill does not immediately eliminate existing credits but prevents new credits from being awarded after the specified dates, allowing businesses with existing credits to continue receiving them until their expiration. The bill is set to take effect on July 1, 2025, giving businesses and state agencies time to prepare for the changes.

Budget and Finance

https://billstatus.ls.state.ms.us/2025/pdf/history/SB/SB3169.xml