Broadband equipment speed; increase to FCC requirement regarding ad valorem tax exemption.

HB 1075 updates Mississippi's property tax exemption for broadband equipment to align with current FCC standards, requiring qualifying equipment to deliver at least 25 Mbps download and 3 Mbps upload speeds. It directly affects broadband providers (like fiber, cable, DSL, or fixed wireless companies) by requiring them to report subscriber counts to county assessors and confirm equipment usage via FCC broadband data. The bill also caps fixed wireless access (FWA) site exemptions at 30% of total asset costs per site. These changes ensure tax exemptions apply only to modern broadband infrastructure meeting federal benchmarks.