Property Tax Exemption for Industrial Revenue Bond Financing

Mississippi Business Finance Corporation

Program Type:

Tax Incentive

Eligible Geography:

Mississippi

Summary:

Property Tax Exemption for Industrial Revenue Bond Financing: An exemption from property taxes on land,
buildings and equipment is available and is valid for up to 10 years on property purchased with MBFC-issued
industrial revenue bond proceeds. The exemption is offered at the discretion of local governing
authorities and may be granted for all local ad valorem taxes except school district taxes. It may not be
granted on finished goods or rolling stock.

Eligible Recipients:

For-Profit Business; Non-Profit Organization; High Education Institution; Anchor Institution

Eligible Recipients Detail:

Qualified manufacturing facilities, non-profit 501(c)(3) facilities and solid waste disposal facilities. utilizing industrial revenue bonds

Eligible Purpose:

Last Mile Connectivity; Anchor Institution Connectivity; Building Connectivity; Broadband Enabled Devices (Education); Broadband Enables Devices (Healthcare); Broadband Enabled Devices (General)

Eligible Purpose Detail:

Businesses can receive tax credits and propety tax exemptions for participating in Industrial Bond Finanincg related to the following activities:

Acquisition, rehabilitation or construction and Acquisition of new equipment for: Educational Facilities; Healthcare Facilities; Charitable Organizations; Small Issue Manufacturing Facilities; Solid Waste Disposal Facilities.