SB 2846: Tax Increment Financing Act; authorize optional taxpayer agreements to provide additional security for obligations under.

Summary

An Act To Create New Section 21-45-23, Mississippi Code Of 1972, To Authorize Municipalities To Enter Into Voluntary Taxpayer Agreements In Connection With Tax Increment Financing Redevelopment Projects; To Provide For Optional Lien Security For Such Agreements; To Authorize Conduit Bond Financing Secured By Taxpayer Agreements; To Provide That Such Agreements Do Not Constitute Taxes, Public Debt Or Pledges Of Governmental Credit; To Amend Section 21-45-3, Mississippi Code Of 1972, To Define "taxpayer Agreement" And Revise The Definition Of "redevelopment Project" For Purposes Of This Act; And For Related Purposes.

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Mar 16, 2026

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