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MississippiHB 41302026 Regular SessionHouseWALLET

Yazoo County; authorize to establish an economic and industrial development authority.

Sponsored By: Kevin Ford (Republican)

Signed by Governor

Local and Private LegislationLocal and Private

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Bill Overview

Analyzed Economic Effects

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

State tax break for Alliance noteholders

Promissory notes authorized by this law are exempt from Mississippi income tax for their holders. The notes also do not count toward public debt limits. The law does not state the notes' value or the tax savings.

Yazoo County creates a development authority

The Board can create the Yazoo Economic Alliance after recording its finding that the Alliance is needed in an official resolution. Five trustees govern it; appointed trustees must be county voters who are not county officials or employees. The Alliance can manage property and projects across Yazoo County, hire staff, and spend money on business, tourism, and job training. It can also charge for certain facilities; real estate commissions are capped at 6%, and Alliance leaders and employees cannot receive money from those sales.

County levy can back Alliance debt

The Alliance can borrow money and secure its notes with Alliance property or other collateral. The Board can pledge all or part of the referenced county levy to repay debt, but a majority of both the Board and Alliance trustees must approve. The county must continue a pledged levy until the debt is paid, and its liability is limited to that levy. The law sets no borrowing amount.

Alliance property is tax-exempt

Property owned, held, or controlled by the Alliance under this law is exempt from Mississippi taxes. This lowers the Alliance's tax costs, but may also mean less tax revenue from that property. The law does not state how much property or revenue is affected.

Sponsors & Cosponsors

Sponsor

  • Kevin Ford

    Republican • House

Cosponsors

  • Bryant W. Clark

    Democratic • House

  • Timaka James-Jones

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 168 • No: 0

Senate vote • 3/27/2026

Passed

Yes: 50 • No: 0

House vote • 3/23/2026

Passed As Amended

Yes: 118 • No: 0

Actions Timeline

  1. Approved by Governor

    4/6/2026legislature

  2. Enrolled Bill Signed

    3/27/2026Senate

  3. Enrolled Bill Signed

    3/27/2026House

  4. Returned For Enrolling

    3/27/2026Senate

  5. Immediate Release

    3/27/2026Senate

  6. Passed

    3/27/2026Senate

  7. Title Suff Do Pass

    3/26/2026Senate

  8. Referred To Local and Private

    3/24/2026Senate

  9. Transmitted To Senate

    3/24/2026House

  10. Passed As Amended

    3/23/2026House

  11. Amended

    3/23/2026House

  12. Title Suff Do Pass

    3/18/2026House

  13. Referred To Local and Private Legislation

    3/10/2026House

Bill Text

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