Qualified equity investment tax credits; extend authority of Mississippi Development Authority to allocate.

HB 1242 extends the deadline for Mississippi's tax credit program that incentivizes investments in community development projects. It delays the expiration date for the Mississippi Development Authority (MDA) to allocate income tax and insurance premium tax credits from July 1, 2024, to July 1, 2029. These credits apply to investors who make qualified equity investments in Mississippi-based community development entities, directly benefiting investors and supporting low-income community projects. The bill died in committee in February 2025 and did not become law.