Strengthening Mississippi Academic Research Through (SMART) Business Act; extend repealer on.

SB 2849 extends the repeal date of Mississippi's SMART Business Act from 2028 to a future date (as specified in the bill), allowing the existing law to remain in effect longer. The bill brings forward the original sections of the SMART Business Act (Sections 37-148-1 through 37-148-9) for potential future amendments. This procedural change does not alter the act's core provisions, which include a 25% rebate for investors funding qualified research at Mississippi colleges (capped at $1 million per investor annually) and a separate initiative for developing state-owned intellectual property. The extension provides time for lawmakers to review and modify the program before its current sunset.