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MississippiHB 16442025 Regular SessionHouseWALLET

Equipment used in the deployment of broadband technologies; revise certain provisions regarding tax exemptions.

Sponsored By: Brent Powell (Republican)

Signed by Governor

Ways and MeansFinance

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Bill Overview

Analyzed Economic Effects

4 provisions identified: 3 benefits, 1 costs, 0 mixed.

Broadband companies get longer tax relief

The law extends broadband equipment income and corporation franchise tax credits for investments made after June 30, 2003, and before July 1, 2030. Qualifying mobile equipment supports at least 35 Mbps download and 3 Mbps upload; fixed equipment meets federal fixed-broadband benchmarks. Credit rates are 5% in Tier One counties, 10% in Tier Two, and 15% in Tier Three. A county’s tier stays fixed based on the deployment year. Credits run for nine consecutive tax years starting when equipment enters service, with unused credits carried forward for 10 years.

Broadband companies get property tax breaks

Telecommunications companies get property tax exemptions for qualifying equipment placed in service after June 30, 2025, and before July 1, 2030. Fixed broadband equipment is exempt for up to 10 years, ending sooner if it cannot meet then-current federal download and upload benchmarks. Mobile equipment is exempt for five years and must support average speeds of at least 35 Mbps download and 3 Mbps upload. Claimants must send a certified, sworn equipment description, including speeds, to the tax assessor where the equipment is located. The filing deadline is April 1 of the first assessment year the exemption is claimed.

Broadband companies keep sales tax breaks

Beginning July 1, 2025, the law extends sales tax relief for broadband equipment sold to telecommunications companies before July 1, 2030. The eligible sales period starts after June 30, 2003. Equipment installed in Tier Two and Tier Three areas is fully exempt; Tier One equipment receives a half exemption. Qualifying mobile equipment supports at least 35 Mbps download and 3 Mbps upload. Fixed equipment must meet the state’s fixed-broadband definition, tied to federal speed benchmarks.

Broadband companies face tax credit limits

Starting in 2025, broadband credit claims have a $15 million statewide annual cap; requests above that amount are reduced proportionally. Each company faces a $1.5 million annual limit, excluding credits carried forward from earlier tax years. Annual claims also cannot exceed 50% of the company’s income and corporation franchise tax liability. Equipment paid for or reimbursed with federal BEAD broadband program or CARES Act funds cannot receive the credit. Companies must file prior-year eligible costs with the Mississippi Department of Revenue during March 1–20.

Sponsors & Cosponsors

Sponsor

  • Brent Powell

    Republican • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 287 • No: 0

House vote • 3/20/2025

Concurred in Amend From Senate

Yes: 120 • No: 0

Senate vote • 3/18/2025

Passed As Amended

Yes: 51 • No: 0

House vote • 1/28/2025

Passed

Yes: 116 • No: 0 • Other: 1

Actions Timeline

  1. Approved by Governor

    3/28/2025legislature

  2. Enrolled Bill Signed

    3/24/2025Senate

  3. Enrolled Bill Signed

    3/24/2025House

  4. Concurred in Amend From Senate

    3/20/2025House

  5. Returned For Concurrence

    3/19/2025Senate

  6. Passed As Amended

    3/18/2025Senate

  7. Amended

    3/18/2025Senate

  8. Title Suff Do Pass As Amended

    3/13/2025Senate

  9. Referred To Finance

    2/17/2025Senate

  10. Transmitted To Senate

    1/29/2025House

  11. Passed

    1/28/2025House

  12. Committee Substitute Adopted

    1/28/2025House

  13. Title Suff Do Pass Comm Sub

    1/27/2025House

  14. Referred To Ways and Means

    1/27/2025House

Bill Text

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