Mississippi HB4010: Mississippi Flexible Tax Incentive Act; revise definition of "qualified economic development project" and "qualified project" under.

What the bill says

An act to amend section 57-114-3, mississippi code of 1972, to revise the definition of the term "qualified economic development project" and "qualified project" for purposes of the mississippi flexible tax incentive act; and for related purposes.

From the introduced text:

AN ACT TO AMEND SECTION 57-114-3, MISSISSIPPI CODE OF 1972, TO REVISE THE DEFINITION OF THE TERM "QUALIFIED ECONOMIC DEVELOPMENT PROJECT" AND "QUALIFIED PROJECT" FOR PURPOSES OF THE MISSISSIPPI FLEXIBLE TAX INCENTIVE ACT; AND FOR RELATED PURPOSES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. Section 57-114-3, Mississippi Code of 1972, is amended as follows: 57-114-3. For purposes of this chapter, the following words shall have the meanings ascribed herein unless the context otherwise requires: (a) "Affiliate" means, with respect to a specified entity, (i) another person or entity that directly or indirectly, through one or more intermediaries, controls or is controlled by or is under common control with the specified person or entity, where the term "control" means the ownership or possession, directly or indirectly, of the power to direct more than fifty percent (50%) of the voting equity securities or a similar ownership interest in the specified controlled entity, or (ii) any member of an affiliated group of corporations, of which the *HR43/R2392* H. B. No. 4010 ~ OFFICIAL ~ R3/5 26/HR43/R2392 PAGE 1 (BS\KP) specified entity is also a member, which are each subject to income taxation in Mississippi and may elect to file a combined Mississippi income tax return in accordance with state law. (b) "Authority" means the Mississippi Development Authority. …

Read the full official text

Sponsors

• Crudup, Ronnie C. (D, 71) · primary sponsor

Latest actions

1. February 25, 2026: Died In Committee
2. February 18, 2026: Referred To Ways and Means

Common questions

What is HB4010?

HB4010 is a bill in the Mississippi Legislature (2026 Regular Session): Mississippi Flexible Tax Incentive Act; revise definition of "qualified economic development project" and "qualified project" under.

What does HB4010 do?

In its own words: An act to amend section 57-114-3, mississippi code of 1972, to revise the definition of the term "qualified economic development project" and "qualified project" for purposes of the mississippi flexible tax incentive act; and for related purposes.

What is the status of HB4010?

Failed as of February 25, 2026. Latest action: Died In Committee (February 25, 2026).

Who sponsored HB4010?

Crudup, Ronnie C. (D, 71).

Where is the official record for HB4010?

On the Mississippi Legislature website: http://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB4010.xml