Mississippi legislation · 2026 Regular Session
Mississippi HB1861: Mississippi Flexible Tax Incentive Act; revise method of determining tax incentive for certain qualified economic development projects.
Status: Failed, February 25, 2026
AN ACT TO AMEND SECTION 57-114-9, MISSISSIPPI CODE OF 1972, TO REVISE THE METHOD OF DETERMINING THE TOTAL AMOUNT OF THE INITIAL AMOUNT OF MFLEX TAX INCENTIVE UNDER THE MISSISSIPPI FLEXIBLE TAX INCENTIVE ACT FOR A CERTIFIED APPLICANT WITH A QUALIFIED ECONOMIC DEVELOPMENT PROJECT THAT IS LOCATED WITHIN A FEDERALLY DESIGNATED QUALIFIED OPPORTUNITY ZONE; TO AMEND SECTION 57-114-13, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; TO BRING FORWARD SECTION 57-114-7, MISSISSIPPI CODE OF 1972, WHICH IS A SECTION OF THE MISSISSIPPI FLEXIBLE TAX INCENTIVE ACT, FOR THE PURPOSES OF POSSIBLE AMENDMENT; AND FOR RELATED PURPOSES.
What the bill says
An act to amend section 57-114-9, mississippi code of 1972, to revise the method of determining the total amount of the initial amount of mflex tax incentive under the mississippi flexible tax incentive act for a certified applicant with a qualified economic development project that is located within a federally designated qualified opportunity zone; to amend section 57-114-13, mississippi code of 1972, in conformity thereto; to bring forward section 57-114-7, mississippi code of 1972, which is a section of the mississippi flexible tax incentive act, for the purposes of possible amendment…
From the introduced text:
AN ACT TO AMEND SECTION 57-114-9, MISSISSIPPI CODE OF 1972, TO REVISE THE METHOD OF DETERMINING THE TOTAL AMOUNT OF THE INITIAL AMOUNT OF MFLEX TAX INCENTIVE UNDER THE MISSISSIPPI FLEXIBLE TAX INCENTIVE ACT FOR A CERTIFIED APPLICANT WITH A QUALIFIED ECONOMIC DEVELOPMENT PROJECT THAT IS LOCATED WITHIN A FEDERALLY DESIGNATED QUALIFIED OPPORTUNITY ZONE; TO AMEND SECTION 57-114-13, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; TO BRING FORWARD SECTION 57-114-7, MISSISSIPPI CODE OF 1972, WHICH IS A SECTION OF THE MISSISSIPPI FLEXIBLE TAX INCENTIVE ACT, FOR THE PURPOSES OF POSSIBLE AMENDMENT; AND FOR RELATED PURPOSES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. Section 57-114-9, Mississippi Code of 1972, is amended as follows: 57-114-9. Calculation and application of an mFlex tax incentive award. (1) Except as otherwise provided in subsection (2) of this section, the total amount of the initial mFlex tax incentive determined and awarded by the authority to the certified applicant shall be calculated by the authority as follows: (a) Subject to paragraph (f) below, one and one-half percent (1.5%) of the total purchase or sales price, or value, including any installation costs thereof, as applicable, of all manufacturing or processing machinery acquired, leased or *HR26/R2280.1* H. B. No. 1861 ~ OFFICIAL ~ R3/5 26/HR26/R2280.1 PAGE 1 (BS\KW) otherwise moved into the state …