Ad valorem tax; add categories for energy projects and extend deadline for certain exemptions, extend deadlines and revise fee-in-lieu minimum for certain projects.

An Act To Amend Section 27-31-46, Mississippi Code Of 1972, To Revise The Definition Of "project" To Include Facilities Storing Energy Using Battery Energy Storage Systems, For Purposes Of A County's Authority To Grant Certain Ad Valorem Tax Exemptions Of Up To 50% Of The Total Assessed Value Of Certain Projects; To Amend Section 27-31-46.1, Mississippi Code Of 1972, To Extend The Initial Construction Deadline For Purposes Of Eligibility Of Certain Energy Projects For Certain Ad Valorem Tax Exemptions Of Up To 50% Of The Total Assessed Value Of The Projects; To Extend The Deadline By Which Counties And Municipalities May Authorize Such Exemptions; To Amend Section 27-31-101, Mississippi Code Of 1972, To Add Battery Energy Storage System Facilities, For Purposes Of A County's Or A Municipality's Authority To Grant Certain Ad Valorem Tax Exemptions; To Extend The Date Of The Reverter On The Section Of Law; To Amend Section 27-31-104, Mississippi Code Of 1972, To Extend The Date By Which A Fee-in-lieu Agreement May Be Entered With Certain Qualified Businesses For Purposes Of The Minimum Fee-in-lieu Amount Of 1/10 Of The Total Of All Ad Valorem Taxes Otherwise Payable As Annually Determined; To Extend The Date Of The Reverter On The Section Of Law; And For Related Purposes.