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Finance committee advances a package: data-center tax break, kratom tax increase, movie production credit and municipal loan fund
Summary
On March 17 the Senate Finance Committee reported out several House bills: a data-center sales-tax exemption (HB1239); a companion ad valorem valuation bill for rural structures (HB1878); a movie production tax credit (HB1880); a kratom tax increase (HB1896); a regional economic alliance (HB1897); Children's Promise and other tax credits (HB1902); and a municipal revolving fund (HB733).
The Mississippi Senate Finance Committee moved a group of House bills forward on March 17 with largely voice votes after brief presentations and limited questioning.
House Bill 1239 (data centers): Sponsor described a strike-all senate amendment creating a sales-and-use tax exemption for data centers that make an initial in-state investment of at least $250,000,000 and create 35 new jobs; an additional $100,000,000 over 10 years would trigger an extension of the exemption for another 10 years. The committee passed the bill and reported it out.
House Bill 1878 (rural-structure valuations): Senator Rhodes said this companion bill implements ad valorem valuation changes for farm and agricultural structures that…
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