As used in this article:(a) 'Business enterprise' means any business enterprise owning or operating a data center with a minimum capital investment in this state of Twenty Million Dollars ($20,000,000.00) which will create a minimum of twenty (20) new, full-time jobs with a minimum average annual salary of not less than one hundred twenty-five percent (125%) of the average annual state wage.(b) 'Data center' means a business enterprise that utilizes hardware, software, technology, infrastructure and/or workforce, to store, manage or manipulate digital data.(c) 'MDA' means the Mississippi Development Authority.(d) 'State tax' means: (i) Any sales and use tax imposed on the business enterprise pursuant to law related to the purchase or lease of component building materials and equipment for initial construction of facilities or expansion of facilities that are certified by the Mississippi Development Authority;(ii) Any sales and use tax imposed by law on the business enterprise pursuant to law related to the purchase of replacement hardware, software or other necessary technology to operate a data center;(iii) All income tax imposed pursuant to law on income earned by the business t to law related to the purchase of replacement hardware, software or other necessary technology to operate a data center;(iii) All income tax imposed pursuant to law on income earned by the business enterprise certified by the Mississippi Development Authority; and(iv) Franchise tax imposed pursuant to law on the value of capital used, invested or employed by the business enterprise certified by the Mississippi Development Authority. Laws, 2010, ch. 533, § 16, eff. 7/1/2010.Amended by Laws, 2019, ch. 396, SB 2271,§ 1, eff. 7/1/2019.
Mississippi Legal Code