HB 1063

An act to amend section 27-31-46, mississippi code of 1972, to revise the definition of "project" to include facilities storing energy using battery energy storage systems, for purposes of a county's authority to grant certain ad valorem tax exemptions of up to 50% of the total assessed value of certain projects; To amend section 27-31-46.1, mississippi code of 1972, to extend the initial construction deadline for purposes of eligibility of certain energy projects for certain ad valorem tax exemptions of up to 50% of the total assessed value of the projects; To extend the deadline by which counties and municipalities may authorize such exemptions; To amend section 27-31-101, mississippi code of 1972, to add battery energy storage system facilities, for purposes of a county's OR a municipality's authority to grant certain ad valorem tax exemptions; To extend the date of the reverter on the section of law; To amend section 27-31-104, mississippi code of 1972, to extend the date by which a fee-in-lieu agreement may be entered with certain qualified businesses for purposes of the minimum fee-in-lieu amount of 1/10 of the total of all ad valorem taxes otherwise payable as annually determined; To extend the date of the reverter on the section of law; And for related purposes.