SB 2850 Mississippi Senate · 2026 Regular Session

Mississippi Advantage Jobs Act; expand conditions for certain qualified businesses or industries receiving incentive payments.

SB 2850 expands Mississippi's Advantage Jobs Act by allowing qualified businesses to receive incentive payments for up to 10 years, with potential extensions. To qualify for the initial 10-year period, businesses must meet job creation (minimum 10 full-time jobs) and wage requirements (average salary at least 125% of state/county average wage). For a 5-year extension, businesses must create 3,000 new jobs within 5 years and maintain average wages at 150% of the state/county average. A second 10-year extension requires an additional 4,000 new jobs (net of the first 3,000) while sustaining the same wage threshold, all verified by the Mississippi Department of Employment Security. This directly affects businesses meeting these specific job and wage criteria in eligible counties.

Bill status died 4 of 5 stages cleared

Introduction

Feb 2026

Committee Review

Mar 2026

Senate Passage

Feb 2026

House Passage

Mar 2026

Governor

Introduced Feb 11, 2026 Last action Mar 26, 2026

Maddy AI version diff · 2 comparisons

What changed between versions

Committee Substitute → Current version · 1 edit

MINOR

The bill title was updated to reflect that it has passed the Senate, changing from 'Committee Substitute' to 'As Passed the Senate'. This indicates the bill has moved through the legislative process and is now in its final form before potential passage by the House or signing by the Governor.

TECHNICAL

The bill header was updated from 'Committee Substitute' to 'As Passed the Senate', indicating the bill has progressed through the Senate committee stage and is now in its final Senate version.

As Introduced → Committee Substitute · 7 edits

MODERATE

This bill amends Mississippi's economic incentive laws to modernize job creation programs, extend incentive periods for large projects, and update tax incentive calculations. The changes clarify rules for businesses applying for incentives, establish new wage and job thresholds for different project sizes, and introduce a disaster relief provision to extend incentives for businesses affected by declared disasters.

Scope change

The bill brings forward and amends multiple sections of the Mississippi Code related to economic incentives, expanding eligibility criteria and creating new pathways for extended incentive periods for large-scale projects.

ELIGIBILITY

Extended incentive payment periods from 10 years to up to 25 years for large projects that create 4,000+ new jobs after an initial 10-year period, with additional 5-year extensions available for projects creating 3,000+ jobs.

REQUIREMENT

Added disaster relief provisions allowing the Commissioner of Revenue to extend incentive periods by up to 2 years and waive job maintenance requirements for businesses unable to meet requirements due to declared disaster areas.

Added specific job creation thresholds requiring 10 full-time jobs in high unemployment counties or 25 full-time jobs in other counties, with job creation commitments to be met within 24 months of application approval.

FISCAL

Changed incentive payment calculations from net benefit rate multiplied by gross payroll to a percentage of actual income tax withheld for employees with new direct jobs, with caps based on wage levels.

TIMELINE

Updated effective dates to July 1, 2026, with provisions for grants to cover differences between old and new incentive payment calculations for payments made after January 1, 2023.

ENFORCEMENT

Strengthened compliance requirements by adding provisions for annual reporting, performance audits by the State Auditor, and recapture provisions for incentives if businesses fail to meet job creation or investment requirements.

TECHNICAL

Reorganized and clarified the structure of incentive provisions by separating rules for businesses applying before and after specific dates (July 1, 2005; July 1, 2010) into distinct subsections.

Floor votes · Senate Feb 10, 2026 · House Mar 5, 2026

How they voted

51–1

Passed

Total votes 52

Feb 10, 2026

D Democratic18

18 Yea

100% Yea

R Republican34

33 Yea 1 Nay

97% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Mar 5, 2026

Lower · Passed

Passed As Amended

lower

Mar 5, 2026

Lower · Passed

Amended

lower

Mar 3, 2026

Lower · Passed

Title Suff Do Pass As Amended

lower

Feb 13, 2026

Committee

Referred To Ways and Means

lower

Feb 11, 2026

Introduced

Transmitted To House

upper

Feb 10, 2026

Upper · Passed

Passed

upper

Feb 3, 2026

Upper · Passed

Title Suff Do Pass Comm Sub

upper

Jan 19, 2026

Committee

Referred To Finance

upper

1 primary · 1 co-sponsor