The 2021 Mississippi State Legislature convened yesterday at noon. This 90-day session is set to end April 4, but in response to COVID-19 cases, there is discussion around delaying the session until March or April. A super majority support in both chambers would be required to delay the current legislative calendar.
The 2021 session will be a mix of response to 2020 and shaping the future of Mississippi. First on the agenda was to vote in the new state flag that was adopted by Mississippians in November. Yesterday, the Mississippi House of Representative voted to approve the “In God We Trust” flag. Today it will head to the Senate for vote. This session will also focus on COVID-19 response, Medicaid, teacher pay, workforce development and other pressing issues.
The Mississippi Flexible Incentives Plan (MFLEX) will also hopefully be presented during this legislative session and is of importance to the economic development community. If enacted into law, MFLEX will be a single tax credit that can be awarded by the MDA and then utilized by a company to offset most types of state tax liability – one application and immediately. Please review the attached MFLEX information flyer to understand more about the goals, distinctive features, and the process that will give Mississippi a competitive advantage.
At this time, we are not asking you to call on your legislators, we are simply bringing awareness to what MFLEX is in case you begin to receive questions. MEDC will continue to keep you informed as MFLEX turns into bill(s) and what those bills entail. As each of you know, the legislative process is constantly evolving and what is shared today is intended to keep you abreast of what is coming, but please understand change is to be expected. Stay informed through our legislative emails or by reaching out to Gwen Howard, MEDC Executive Director or Clayton Stanley, MEDC Legislative Chairman.