AN ACT TO AMEND SECTION 57-113-21, MISSISSIPPI CODE OF 1972, TO REVISE THE DEFINITIONS OF CERTAIN TERMS FOR PURPOSES OF THE SALES, USE 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 HAS SIXTY DAYS FROM THE DATE OF NOTICE OF NONCOMPLIANCE TO REMEDY THE NONCOMPLIANCE BEFORE FORFEITING ITS TAX-EXEMPT STATUS, SUBJECT TO ANY PENALTIES PROVIDED IN MISSISSIPPI DEVELOPMENT AUTHORITY RULES AND REGULATIONS; AND FOR RELATED PURPOSES.

Statutes affected:
As Introduced: 57-113-21, 57-113-23, 57-113-25