Housing

HB 1201 creates a 25% income tax credit for developers who rehabilitate blighted, tax-forfeited properties in Mississippi, requiring costs to exceed $50,000 for owner-occupied homes or $100,000 for commercial buildings. The credit applies to eligible properties declared unsafe by local authorities and placed into use as residences or businesses within 36 months. Developers can carry forward unused credit amounts for up to 10 years if the credit exceeds their annual tax liability, or opt for a 75% rebate instead. This law directly affects developers who redevelop qualifying properties, aiming to increase property values and community safety through tax incentives.

HB 1801 increases funding for Sunflower County's homeless services by allowing the Board of Supervisors to supplement an annual $40,000 contribution to the Sunflower County Ministerial Alliance Counseling Service (a nonprofit that runs the Transition Center). The bill permits the county to add funds equal to what municipalities, faith groups, or private citizens contribute specifically for the Transition Center's daily operations. This directly supports the county's facility serving homeless residents. The law expires on July 1, 2026.