l9n/ Mississippi

2025 Regular Session

Senate Bill 3062

Broadband Technology Development Act; revise equipment definition, and increase speed requirement for AV tax exemption.

Sent to the Governor on March 18, 2025, and did not become law. The 2025 session has ended.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO AMEND SECTION 57-87-5, MISSISSIPPI CODE OF 1972, TO AMEND THE DEFINITION OF "EQUIPMENT USED IN THE DEPLOYMENT OF BROADBAND TECHNOLOGIES" FOR PURPOSES OF THE CREDIT AGAINST INCOME TAX AND CORPORATION FRANCHISE TAX LIABILITY OF TELECOMMUNICATIONS ENTERPRISES FOR CERTAIN INVESTMENTS MADE IN SUCH EQUIPMENT, AND FOR PURPOSES OF THE AD VALOREM TAX EXEMPTION FOR SUCH EQUIPMENT PLACED IN SERVICE IN A CERTAIN TIME PERIOD; TO LIMIT THE AGGREGATE AMOUNT OF INCOME TAX AND CORPORATION FRANCHISE TAX CREDITS THAT MAY BE CLAIMED DURING A CALENDAR YEAR; TO PROVIDE THAT, IF THE TOTAL CREDITS REQUESTED EXCEED THE ANNUAL AGGREGATE CAP, EACH TELECOMMUNICATIONS ENTERPRISE SHALL BE ALLOCATED CREDITS ON A PRORATED BASIS; TO PROVIDE THAT NO CREDIT SHALL BE ALLOWED IF THE EQUIPMENT WAS PAID FOR, OR ITS COST WAS REIMBURSED BY, FUNDS MADE AVAILABLE UNDER THE BROADBAND EQUITY, ACCESS, AND DEPLOYMENT (BEAD) PROGRAM; TO AMEND SECTION 57-87-7, MISSISSIPPI CODE OF 1972, TO SPECIFY THE EQUIPMENT PLACED IN SERVICE AFTER JUNE 30, 2025, AND BEFORE JULY 1, 2030, THAT IS ELIGIBLE FOR THE AD VALOREM TAX EXEMPTION; TO REQUIRE A TAXPAYER TO SUBMIT A CERTIFIED, SWORN DESCRIPTION OF THE EQUIPMENT TO THE TAX ASSESSOR OF THE COUNTY IN WHICH SUCH EQUIPMENT IS LOCATED, ON OR BEFORE APRIL 1 OF THE FIRST ASSESSMENT YEAR IN WHICH THE EXEMPTION IS BEING CLAIMED; TO AMEND SECTION 27-65-101, MISSISSIPPI CODE OF 1972, TO REVISE THE DEFINITION OF "EQUIPMENT USED IN THE DEPLOYMENT OF BROADBAND TECHNOLOGIES" FOR PURPOSES OF THE INDUSTRIAL SALES TAX EXEMPTION FOR SALES OF SUCH EQUIPMENT; AND FOR RELATED PURPOSES.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the Senate

Its course

February 17 to March 21, 2025, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

Each committee stop sits inside its chamber.

Every action10 actions on 9 days

In the SenateFeb 17 to Feb 269 days

FinanceFeb 17 to Feb 258 days

In the House of RepresentativesFeb 26 to Mar 1820 days

Ways and MeansFeb 28 to Mar 1717 days

With the GovernorMar 18 to Mar 21 · stopped3 days

Amendments

Each amendment offered, and what became of it.

  • House of Representatives committee amendmentAdopted

    Adopted Mar 18

Text

Each version as the Legislature printed it.

l9n doesn't hold this bill's text yet.

What happened

In l9n's words, one line for each step. Every action as the Legislature published it is below.

In the Senate Feb 17 – Feb 26

  1. Feb 17Referred to the Senate committee on Finance
  2. Feb 25Reported from committee in the Senate: title sufficient, do pass
  3. Feb 26Passed the Senate

In the House of Representatives Feb 27 – Mar 18

  1. Feb 27Sent to the House
  2. Feb 28Referred to the House committee on Ways and Means
  3. Mar 17Reported from committee in the House: title sufficient, do pass as amended
  4. Mar 18Amended in the House
  5. Passed the House as amended

To the Governor Mar 19 – Mar 21

  1. Mar 19Returned to the Senate to concur in the House's amendments
  2. Mar 21Died on the calendar in the Senate
All 10 actions, as published
  1. Feb 17Referred To FinanceSenate
  2. Feb 25Title Suff Do PassSenate
  3. Feb 26PassedSenate
  4. Feb 27Transmitted To HouseSenate
  5. Feb 28Referred To Ways and MeansHouse of Representatives
  6. Mar 17Title Suff Do Pass As AmendedHouse of Representatives
  7. Mar 18AmendedHouse of Representatives
  8. Mar 18Passed As AmendedHouse of Representatives
  9. Mar 19Returned For ConcurrenceHouse of Representatives
  10. Mar 21Died On CalendarSenate