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MississippiSB 28322026 Regular SessionSenateWALLET

Income tax; extend repealer on credit for certain railroad expenditures.

Sponsored By: Josh Harkins (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.

Railroads keep tax break for upgrades

Beginning July 1, 2026, eligible Class II and Class III railroads operating in Mississippi can claim a tax credit for qualifying rail upgrades made in the state. The credit covers railroad reconstruction, replacement, and new rail infrastructure. Total credits remain capped at $8 million per year. The credit’s repeal date is January 1, 2029.

Sponsors & Cosponsors

Sponsor

  • Josh Harkins

    Republican • Senate

Cosponsors

  • Jeremy England

    Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 169 • No: 0

House vote • 3/5/2026

Passed

Yes: 118 • No: 0

Senate vote • 2/4/2026

Passed

Yes: 51 • No: 0 • Other: 1

Actions Timeline

  1. Approved by Governor

    3/13/2026legislature

  2. Enrolled Bill Signed

    3/9/2026Senate

  3. Enrolled Bill Signed

    3/9/2026House

  4. Returned For Enrolling

    3/6/2026House

  5. Passed

    3/5/2026House

  6. Title Suff Do Pass

    3/3/2026House

  7. Referred To Ways and Means

    2/6/2026House

  8. Transmitted To House

    2/5/2026Senate

  9. Passed

    2/4/2026Senate

  10. Title Suff Do Pass

    1/29/2026Senate

  11. Referred To Finance

    1/19/2026Senate

Bill Text

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