Mississippi legislation · 2026 Regular Session
Mississippi HB4066: Qualified equity investment tax credit; temporarily authorize additional investments for which credits may be allocated.
Status: Failed, March 17, 2026
AN ACT TO AMEND SECTION 57-105-1, MISSISSIPPI CODE OF 1972, TO REVISE THE PROGRAM THAT AUTHORIZES THE MISSISSIPPI DEVELOPMENT AUTHORITY TO ALLOCATE INCOME TAX CREDITS AND INSURANCE PREMIUM TAX CREDITS FOR TAXPAYERS HOLDING CERTAIN QUALIFIED EQUITY INVESTMENTS, TO TEMPORARILY AUTHORIZE ADDITIONAL INVESTMENTS FOR WHICH TAX CREDITS MAY BE ALLOCATED UNDER THE PROGRAM; AND FOR RELATED PURPOSES.
What the bill says
An act to amend section 57-105-1, mississippi code of 1972, to revise the program that authorizes the mississippi development authority to allocate income tax credits and insurance premium tax credits for taxpayers holding certain qualified equity investments, to temporarily authorize additional investments for which tax credits may be allocated under the program; and for related purposes.
From the introduced text:
AN ACT TO AMEND SECTION 57-105-1, MISSISSIPPI CODE OF 1972, TO REVISE THE PROGRAM THAT AUTHORIZES THE MISSISSIPPI DEVELOPMENT AUTHORITY TO ALLOCATE INCOME TAX CREDITS AND INSURANCE PREMIUM TAX CREDITS FOR TAXPAYERS HOLDING CERTAIN QUALIFIED EQUITY INVESTMENTS, TO TEMPORARILY AUTHORIZE ADDITIONAL INVESTMENTS FOR WHICH TAX CREDITS MAY BE ALLOCATED UNDER THE PROGRAM; AND FOR RELATED PURPOSES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. Section 57-105-1, Mississippi Code of 1972, is amended as follows: 57-105-1. (1) As used in this section: (a) "Adjusted purchase price" means the investment in the qualified community development entity for the qualified equity investment, substantially all of the proceeds of which are used to make qualified low-income community investments in Mississippi. For the purposes of calculating the amount of qualified low-income community investments held by a qualified community development entity, an investment will be considered held by a qualified community development entity even if the investment has *HR26/R2580* H. B. No. 4066 ~ OFFICIAL ~ R3/5 26/HR26/R2580 PAGE 1 (BS\KW) been sold or repaid; provided that the qualified community development entity reinvests an amount equal to the capital returned to or recovered by the qualified community development entity from the original investment, exclusive of any profits realized, in another qualified low-income community investment in Mississippi, including any federal Indian reservation …
Sponsors
- Lamar, John Thomas (R, 8) · primary sponsor
- Arnold, William Tracy (R, 3)
Latest actions
- : Died In Committee
- : Referred To Finance
- : Transmitted To Senate
- : Passed
- : Title Suff Do Pass
- : Referred To Ways and Means
Votes
- Passed (February 25, 2026): 118 yea, 0 nay, passed
Subjects: Qualified equity investment tax credit
Common questions
- What is HB4066?
- HB4066 is a bill in the Mississippi Legislature (2026 Regular Session): Qualified equity investment tax credit; temporarily authorize additional investments for which credits may be allocated.
- What does HB4066 do?
- In its own words: An act to amend section 57-105-1, mississippi code of 1972, to revise the program that authorizes the mississippi development authority to allocate income tax credits and insurance premium tax credits for taxpayers holding certain qualified equity investments, to temporarily authorize additional investments for which tax credits may be allocated under the program; and for related purposes.
- What is the status of HB4066?
- Failed as of March 17, 2026. Latest action: Died In Committee (March 17, 2026).
- Who sponsored HB4066?
- Lamar, John Thomas (R, 8), with 1 co-sponsor.
- Where is the official record for HB4066?
- On the Mississippi Legislature website: http://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB4066.xml
Source: official Mississippi record. Tracked by Delilah, AI for legislation across all 50 states and Congress.