Bill > HB717

This bill extends the sunset date for a Mississippi income tax credit designed to encourage railroad infrastructure improvements. The credit, authorized by Section 27-7-22.42 of the Mississippi Code of 1972, allows eligible taxpayers, defined as Class II or Class III railroads operating in Mississippi, to claim a tax credit for qualified railroad reconstruction or replacement expenditures, which includes maintenance and rebuilding of tracks, bridges, and related structures, as well as qualified new rail infrastructure expenditures, such as building new industrial leads, switches, spurs, and sidings to serve new or expanding customer locations. The original law, which allowed these credits, was set to expire on January 1, 2027, but this bill amends that provision to extend the repealer date to January 1, 2030, meaning the tax credit program will remain in effect for an additional three years.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB0717.xml