MS HB1644 | 2025 | Regular Session
Status
Completed Legislative Action
Sponsorship: Partisan Bill (Republican 1)
Status: Passed on March 28 2025 - 100% progression
Action: 2025-03-28 - Approved by Governor
Text: Latest bill text (Enrolled) [HTML]
Sponsorship: Partisan Bill (Republican 1)
Status: Passed on March 28 2025 - 100% progression
Action: 2025-03-28 - Approved by Governor
Text: Latest bill text (Enrolled) [HTML]
Summary
An Act To Amend Section 57-87-5, Mississippi Code Of 1972, To Amend The Definition Of "equipment Used In The Deployment Of Broadband Technologies" For Purposes Of The Credit Against Income Tax And Corporation Franchise Tax Liability Of Telecommunications Enterprises For Certain Investments Made In Such Equipment, And For Purposes Of The Ad Valorem Tax Exemption For Such Equipment Placed In Service In A Certain Time Period; To Limit The Aggregate Amount Of Income Tax And Corporation Franchise Tax Credits That May Be Claimed During A Calendar Year; To Provide That, If The Total Credits Requested Exceed The Annual Aggregate Cap, Each Telecommunications Enterprise Shall Be Allocated Credits On A Prorated Basis; To Provide That No Credit Shall Be Allowed If The Equipment Was Paid For, Or Its Cost Was Reimbursed By, Funds Made Available Under The Broadband Equity, Access, And Deployment (bead) Program; To Amend Section 57-87-7, Mississippi Code Of 1972, To Specify The Equipment Placed In Service After June 30, 2025, And Before July 1, 2030, That Is Eligible For The Ad Valorem Tax Exemption; To Require A Taxpayer To Submit A Certified, Sworn Description Of The Equipment To The Tax Assessor Of The County In Which Such Equipment Is Located, On Or Before April 1 Of The First Assessment Year In Which The Exemption Is Being Claimed; To Amend Section 27-65-101, Mississippi Code Of 1972, To Revise The Definition Of "equipment Used In The Deployment Of Broadband Technologies" For Purposes Of The Industrial Sales Tax Exemption For Sales Of Such Equipment; And For Related Purposes.
Title
Equipment used in the deployment of broadband technologies; revise certain provisions regarding tax exemptions.
Sponsors
Roll Calls
2025-03-20 - House - House Concurred in Amend From Senate (Y: 120 N: 0 NV: 0 Abs: 0) [PASS]
2025-03-18 - Senate - Senate Passed As Amended (Y: 51 N: 0 NV: 0 Abs: 0) [PASS]
2025-01-28 - House - House Passed (Y: 116 N: 0 NV: 4 Abs: 0) [PASS]
2025-03-18 - Senate - Senate Passed As Amended (Y: 51 N: 0 NV: 0 Abs: 0) [PASS]
2025-01-28 - House - House Passed (Y: 116 N: 0 NV: 4 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2025-03-28 | Approved by Governor | |
| 2025-03-24 | Senate | Enrolled Bill Signed |
| 2025-03-24 | House | Enrolled Bill Signed |
| 2025-03-20 | House | Concurred in Amend From Senate |
| 2025-03-19 | Senate | Returned For Concurrence |
| 2025-03-18 | Senate | Passed As Amended |
| 2025-03-18 | Senate | Amended |
| 2025-03-13 | Senate | Title Suff Do Pass As Amended |
| 2025-02-17 | Senate | Referred To Finance |
| 2025-01-29 | House | Transmitted To Senate |
| 2025-01-28 | House | Passed |
| 2025-01-28 | House | Committee Substitute Adopted |
| 2025-01-27 | House | Title Suff Do Pass Comm Sub |
| 2025-01-27 | House | Referred To Ways and Means |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 27 | 65 | 101 | Amended Code | See Bill Text |
| 57 | 87 | 5 | Amended Code | See Bill Text |
| 57 | 87 | 7 | Amended Code | See Bill Text |
