Mississippi legislation · 2026 Regular Session
Mississippi SB2850: Mississippi Advantage Jobs Act; expand conditions for certain qualified businesses or industries receiving incentive payments.
Status: Failed, March 26, 2026
AN ACT TO AMEND SECTION 57-62-9, MISSISSIPPI CODE OF 1972, TO ALLOW CERTAIN QUALIFIED BUSINESSES OR INDUSTRIES TO RECEIVE INCENTIVE PAYMENTS UNDER THE MISSISSIPPI ADVANTAGE JOBS ACT FOR 10 YEARS UNDER CERTAIN CONDITIONS; TO BRING FORWARD SECTIONS 57-62-13, 57-114-5, 57-114-7 AND 57-114-9, MISSISSIPPI CODE OF 1972, FOR THE PURPOSE OF POSSIBLE AMENDMENT; AND FOR RELATED PURPOSES.
What the bill says
An act to amend section 57-62-9, mississippi code of 1972, to allow certain qualified businesses or industries to receive incentive payments under the mississippi advantage jobs act for years under certain conditions; to bring forward sections 57-62-13, 57-114-5, 57-114-7 and 57-114-9, mississippi code of 1972, for the purpose of possible amendment; and for related purposes.
From the engrossed text:
AN ACT TO AMEND SECTION 57-62-9, MISSISSIPPI CODE OF 1972, TO ALLOW CERTAIN QUALIFIED BUSINESSES OR INDUSTRIES TO RECEIVE INCENTIVE PAYMENTS UNDER THE MISSISSIPPI ADVANTAGE JOBS ACT FOR YEARS UNDER CERTAIN CONDITIONS; TO BRING FORWARD SECTIONS 57-62-13, 57-114-5, 57-114-7 AND 57-114-9, MISSISSIPPI CODE OF 1972, FOR THE PURPOSE OF POSSIBLE AMENDMENT; AND FOR RELATED PURPOSES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. Section 57-62-9, Mississippi Code of 1972, is amended as follows: [For businesses or industries that received or applied for incentive payments prior to July 1, 2005, this section shall read as follows:] 57-62-9. (1) Except as otherwise provided in this section, a qualified business or industry that meets the qualifications specified in this chapter may receive quarterly incentive payments for a period not to exceed ten (10) years from the Department of Revenue pursuant to the provisions of this chapter in an amount which shall be equal to the net benefit rate multiplied by the actual gross payroll of new direct jobs for a calendar quarter as *SS08/R1174CS* S. B. No. 2850 ~ OFFICIAL ~ G1/2 26/SS08/R1174CS PAGE verified by the Mississippi Department of Employment Security, but not to exceed the amount of money previously paid into the fund by the employer. A qualified business or industry that is a project as …
Sponsors
- Harkins, Josh (R, 20) · primary sponsor
- DuPree, Johnny L. (D, 45)
Latest actions
- : Died On Calendar
- : Returned For Concurrence
- : Passed As Amended
- : Amended
- : Title Suff Do Pass As Amended
- : Referred To Ways and Means
- : Transmitted To House
- : Passed
- : Committee Substitute Adopted
- : Title Suff Do Pass Comm Sub
Votes
- Passed As Amended (March 5, 2026): 119 yea, 0 nay, passed
- Passed (February 10, 2026): 51 yea, 1 nay, passed
Subjects: Mississippi Advantage Jobs Act
Common questions
- What is SB2850?
- SB2850 is a bill in the Mississippi Legislature (2026 Regular Session): Mississippi Advantage Jobs Act; expand conditions for certain qualified businesses or industries receiving incentive payments.
- What does SB2850 do?
- In its own words: An act to amend section 57-62-9, mississippi code of 1972, to allow certain qualified businesses or industries to receive incentive payments under the mississippi advantage jobs act for years under certain conditions; to bring forward sections 57-62-13, 57-114-5, 57-114-7 and 57-114-9, mississippi code of 1972, for the purpose of possible amendment; and for related purposes.
- What is the status of SB2850?
- Failed as of March 26, 2026. Latest action: Died On Calendar (March 26, 2026).
- Who sponsored SB2850?
- Harkins, Josh (R, 20), with 1 co-sponsor.
- Where is the official record for SB2850?
- On the Mississippi Legislature website: http://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB2850.xml
Source: official Mississippi record. Tracked by Delilah, AI for legislation across all 50 states and Congress.