Mississippi legislation · 2026 Regular Session
Mississippi SB3227: Qualified equity investment tax credits; authorize Governor to designate winter storm recovery zones for.
Status: Failed, March 20, 2026
AN ACT TO AMEND SECTION 57-105-1, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE GOVERNOR OF MISSISSIPPI TO DESIGNATE ONE OR MORE COUNTIES OF THE STATE AS ELIGIBLE RECOVERY ZONES IN RESPONSE TO THE STATE OF EMERGENCY DECLARED BY THE GOVERNOR ON JANUARY 22, 2026, FOR THE PURPOSE OF QUALIFIED EQUITY INVESTMENT INCOME TAX AND INSURANCE PREMIUM TAX CREDITS; TO PROVIDE THAT SUCH AUTHORITY SHALL EXPIRE AFTER JUNE 30, 2027; TO PROVIDE THAT, THROUGH JUNE 30, 2027, A QUALIFIED COMMUNITY DEVELOPMENT ENTITY MAY MAKE A QUALIFIED LOW-INCOME COMMUNITY INVESTMENT IN A BUSINESS, AND SUCH BUSINESS SHALL QUALIFY AS A QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS, EVEN IF NOT LOCATED IN A LOW-INCOME COMMUNITY, IF IT IS LOCATED IN A RECOVERY ZONE AND OTHERWISE SATISFIES THE REQUIREMENTS OF THE SECTION, AND AN EXECUTIVE OFFICER OF SUCH BUSINESS CERTIFIES THAT THE QUALIFIED LOW-INCOME COMMUNITY INVESTMENT WILL BE USED FOR RECOVERY FROM THE STATE OF EMERGENCY; AND FOR RELATED PURPOSES.
What the bill says
An act to amend section 57-105-1, mississippi code of 1972, to authorize the governor of mississippi to designate one or more counties of the state as eligible recovery zones in response to the state of emergency declared by the governor on january 22, 2026, for the purpose of qualified equity investment income tax and insurance premium tax credits; to provide that such authority shall expire after june 30, 2027…
From the introduced text:
AN ACT TO AMEND SECTION 57-105-1, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE GOVERNOR OF MISSISSIPPI TO DESIGNATE ONE OR MORE COUNTIES OF THE STATE AS ELIGIBLE RECOVERY ZONES IN RESPONSE TO THE STATE OF EMERGENCY DECLARED BY THE GOVERNOR ON JANUARY 22, 2026, FOR THE PURPOSE OF QUALIFIED EQUITY INVESTMENT INCOME TAX AND INSURANCE PREMIUM TAX CREDITS; TO PROVIDE THAT SUCH AUTHORITY SHALL EXPIRE AFTER JUNE 30, 2027; TO PROVIDE THAT, THROUGH JUNE 30, 2027, A QUALIFIED COMMUNITY DEVELOPMENT ENTITY MAY MAKE A QUALIFIED LOW-INCOME COMMUNITY INVESTMENT IN A BUSINESS, AND SUCH BUSINESS SHALL QUALIFY AS A QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS, EVEN IF NOT LOCATED IN A LOW-INCOME COMMUNITY, IF IT IS LOCATED IN A RECOVERY ZONE AND OTHERWISE SATISFIES THE REQUIREMENTS OF THE SECTION, AND AN EXECUTIVE OFFICER OF SUCH BUSINESS CERTIFIES THAT THE QUALIFIED LOW-INCOME COMMUNITY INVESTMENT WILL BE USED FOR RECOVERY FROM THE STATE OF EMERGENCY; 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. …
Sponsors
- Harkins, Josh (R, 20) · primary sponsor
- Sarita Simmons (D, 13)
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
- : Title Suff Do Pass
- : Referred To Finance
Votes
- Passed As Amended (March 17, 2026): 111 yea, 10 nay, passed
- Passed (February 25, 2026): 50 yea, 0 nay, passed
Subjects: Qualified equity investment tax credits
Common questions
- What is SB3227?
- SB3227 is a bill in the Mississippi Legislature (2026 Regular Session): Qualified equity investment tax credits; authorize Governor to designate winter storm recovery zones for.
- What does SB3227 do?
- In its own words: An act to amend section 57-105-1, mississippi code of 1972, to authorize the governor of mississippi to designate one or more counties of the state as eligible recovery zones in response to the state of emergency declared by the governor on january 22, 2026, for the purpose of qualified equity investment income tax and insurance premium tax credits; to provide that such authority shall expire after june 30, 2027…
- What is the status of SB3227?
- Failed as of March 20, 2026. Latest action: Died On Calendar (March 20, 2026).
- Who sponsored SB3227?
- Harkins, Josh (R, 20), with 1 co-sponsor.
- Where is the official record for SB3227?
- On the Mississippi Legislature website: http://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB3227.xml
Source: official Mississippi record. Tracked by Delilah, AI for legislation across all 50 states and Congress.