Technology

HB 1239 revises Mississippi's tax exemption rules for data center enterprises, targeting businesses investing at least $500 million and creating 50+ new jobs paying 125% of the state average wage. It requires detailed applications to the Mississippi Development Authority (MDA) outlining project plans, job creation timelines, and annual compliance documentation. Approved businesses receive a 10-year exemption from specified state taxes (sales, use, franchise, and electricity taxes), but must maintain performance commitments or face forfeiture after a 60-day remedy period for noncompliance. The bill explicitly excludes digital asset mining operations from eligibility and sets an expiration date of June 30, 2025.