MississippiHB 19012025 Regular SessionHouseWALLET

Qualified equity investment tax credits; increase maximum allowed and extend date after which MDA will not allocate.

Sponsored By: John Thomas "Trey" Lamar (Republican)

Signed by Governor

Ways and MeansFinance

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Bill Overview

Analyzed Economic Effects

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

More investment tax credits for Mississippi investors

Beginning January 1, 2025, Mississippi Development Authority’s yearly qualified equity investment tax credit cap rises from $15 million to $16 million. This state fiscal year cap excludes credits carried forward from earlier tax years. No more than one-third of the annual allocation can go toward insurance premium tax credits. The law extends the allocation cutoff from July 1, 2024, to July 1, 2029. The agency cannot allocate new credits after that date.

Sponsors & Cosponsors

Sponsor

  • John Thomas "Trey" Lamar

    Republican • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 171 • No: 0

Senate vote • 3/18/2025

Passed

Yes: 51 • No: 0

House vote • 2/26/2025

Passed

Yes: 120 • No: 0

Actions Timeline

  1. Approved by Governor

    3/28/2025legislature
  2. Enrolled Bill Signed

    3/21/2025Senate
  3. Enrolled Bill Signed

    3/20/2025House
  4. Returned For Enrolling

    3/19/2025Senate
  5. Passed

    3/18/2025Senate
  6. Title Suff Do Pass

    3/13/2025Senate
  7. Referred To Finance

    3/4/2025Senate
  8. Transmitted To Senate

    2/27/2025House
  9. Passed

    2/26/2025House
  10. Title Suff Do Pass

    2/26/2025House
  11. Referred To Ways and Means

    2/26/2025House

Bill Text

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