SB3106 - Tax exemptions; revise qualifying standards for business enterprises operating data centers.

1 Co-Sponsor

An Act To Amend Section 57-113-21, Mississippi Code Of 1972, To Revise The Definitions Of "business Enterprise," "data Center" And "state Tax" For Purposes Of The Sales, Use, Income And Franchise Tax Exemptions For Data Center Enterprises; To Amend Section 57-113-23, Mississippi Code Of 1972, To Revise The Required Contents Of The Application To Be Submitted By Business Enterprises Seeking The Exemptions; To Amend Section 57-113-25, Mississippi Code Of 1972, To Provide That A Business Enterprise Shall Have 60 Days From The Date Of Notice Of Noncompliance In Which To Remedy Such Noncompliance Before Forfeiting Its Tax-exempt Status, Subject To Any Penalties Provided In Mississippi Development Authority Rules And Regulations; And For Related Purposes.