Bill > SB2862

This bill brings forward and potentially amends existing Mississippi Code sections related to municipal boundaries, property tax exemptions, and definitions of major economic impact projects. Specifically, it revisits Section 21-1-59, which governs how municipalities can expand their boundaries to include state institutions or school districts, and allows for agreements with certain large enterprises to prevent such expansion without consent. It also brings forward Section 27-31-1, which lists various properties and entities exempt from taxation, including those owned by the state, religious organizations, charitable societies, and certain businesses involved in major economic impact projects. Finally, it brings forward Section 57-75-5, which defines what constitutes a "project" under the Mississippi Major Economic Impact Act, outlining criteria for significant capital investment and job creation that qualify for state incentives. The bill's effective date is July 1, 2026, with a repeal date of June 30, 2026, suggesting a potential legislative oversight or a specific intended timeframe for its provisions.

Government Affairs

https://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB2862.xml