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

Increased the maximum annual tax credit allocation from $15 million to $16 million, allowing more credits to be distributed to taxpayers each fiscal year.

Extended the program expiration date from July 1, 2024 to July 1, 2029, giving the Mississippi Development Authority five more years to allocate credits.

Added new reporting requirements for qualified community development entities to annually report investment details including industry codes, location, investment amounts, and job creation metrics to the Mississippi Development Authority.

Established new provisions for public benefit corporations, allowing public entities to create or designate nonprofits to finance public property projects through New Markets Tax Credit transactions.

Added definitions for 'New Markets Tax Credit transaction' and 'public benefit corporation' to clarify how public entities can participate in financing arrangements for public property and facilities.