Qualified equity investment tax credit; temporarily authorize additional investments for which credits may be allocated.

HB 4066 temporarily expands Mississippi’s Qualified Equity Investment Tax Credit program by authorizing additional investments eligible for tax credits. It revises Section 57-105-1 to allow the Mississippi Development Authority to allocate credits for more qualified equity investments held by taxpayers in community development entities that fund low-income community projects across Mississippi. The bill maintains existing credit rates (4% or 8% of the investment amount) but broadens the scope of qualifying investments under the program. This directly affects taxpayers investing in designated community development entities seeking income tax credits against taxes under Sections 27-7-5, 27-15-103, 27-15-109, and 27-15-123.