Did not become law. It stopped in the Senate's Finance Committee on March 17, 2026.
2026 Regular Session
House Bill 1942
Tax Increment Financing Act; authorize conduit bond issuance to finance redevelopment projects.
What it does
The synopsis the Legislature published with the bill.
AN ACT TO CREATE A NEW CODE SECTION TO BE CODIFIED AS SECTION 21-45-23, MISSISSIPPI CODE OF 1972, TO AUTHORIZE MUNICIPALITIES TO ISSUE BONDS, NOTES OR OTHER OBLIGATIONS AS A CONDUIT ISSUER TO FINANCE THE COSTS OF A REDEVELOPMENT PROJECT UNDER THE TAX INCREMENT FINANCING ACT, AND TO SECURE SUCH FINANCING BY TAXPAYER AGREEMENTS; TO AUTHORIZE MUNICIPALITIES TO ENTER INTO TAXPAYER AGREEMENTS IN CONNECTION WITH TAX INCREMENT FINANCING OF REDEVELOPMENT PROJECTS FOR THE PURPOSE OF SECURING SUCH FINANCING; TO PROVIDE FOR OPTIONAL LIEN SECURITY FOR TAXPAYER AGREEMENTS; TO PROVIDE THAT TAXPAYER AGREEMENTS DO NOT CONSTITUTE TAXES, PUBLIC DEBT OR PLEDGES OF GOVERNMENTAL CREDIT; TO AMEND SECTION 21-45-3, MISSISSIPPI CODE OF 1972, TO DEFINE THE TERM "TAXPAYER AGREEMENT" AND TO REVISE THE DEFINITION OF THE TERM "REDEVELOPMENT PROJECT" UNDER THE TAX INCREMENT FINANCING ACT; TO BRING FORWARD SECTIONS 21-45-5, 21-45-7, 21-45-9, 21-45-11, 21-45-13, 21-45-15, 21-45-17, 21-45-19 AND 21-45-21, MISSISSIPPI CODE OF 1972, WHICH ARE SECTIONS OF THE TAX INCREMENT FINANCING ACT, FOR THE PURPOSE OF POSSIBLE AMENDMENT; 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 House of Representatives
Its course
February 16 to March 17, 2026, 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 action6 actions on 6 days
In the House of RepresentativesFeb 16 to Feb 259 days
Ways and MeansFeb 16 to Feb 248 days
In the SenateFeb 25 to Mar 17 · stopped20 days
FinanceMar 4 to Mar 17 · stopped13 days
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 House of Representatives Feb 16 – Feb 25
- Feb 16Referred to the House committee on Ways and Means
- Feb 24Reported from committee in the House: title sufficient, do pass
- Feb 25Passed the House
In the Senate Feb 26 – Mar 17
- Feb 26Sent to the Senate
- Mar 4Referred to the Senate committee on Finance
- Mar 17Died in committee in the Senate
All 6 actions, as published
- Feb 16Referred To Ways and MeansHouse of Representatives
- Feb 24Title Suff Do PassHouse of Representatives
- Feb 25PassedHouse of Representatives
- Feb 26Transmitted To SenateHouse of Representatives
- Mar 4Referred To FinanceSenate
- Mar 17Died In CommitteeSenate