Mississippi Bill H.B. 1635 Proposed to Limit Local Incentives for Multibillion-Dollar Projects
Local leaders in Mississippi are opposing H.B. 1635, a bill proposed by Rep. Trey Lamar that would limit financial incentives for local governments from multibillion-dollar projects, allowing them to retain only 20% of revenues above the first billion. This change could significantly impact large developments, such as the planned $10 billion AWS data centers, with projections indicating a revenue drop from $70 million to $20 million for Madison County. Lamar contends the bill aims to address financial disparities among counties, but its future remains uncertain as it awaits further committee and floor actions.
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Local leaders in Mississippi oppose H.B. 1635, introduced by Rep. Trey Lamar, which would reduce the financial incentives for counties and cities from multibillion-dollar projects. Under the bill, jurisdictions would receive 100% of revenues from the first billion but only 20% of revenues above that amount would go to local governments, redistributing funds to the state.
This change threatens the viability of large projects, such as the $10 billion AWS data centers in Madison County and a planned $6 billion data center in Brandon. Mayor Butch Lee and Madison County Economic Development Authority Executive Director Joey Deason highlight concerns over reduced annual revenue from these projects, projecting a decline from $70 million to $20 million for Madison County. Lamar argues the bill seeks to address disparities among counties and has yet to be decided for advancement, with deadlines for committee and floor actions set in February.
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