Section 57-117-7 - [Repealed 7/1/2025] Certification of businesses and health care industry facilities as qualified business; exemption from certain taxes; other tax benefits(1) Businesses and health care industry facilities shall apply to the MDA for certification as a qualified business. If the health care industry facility or business is located in a health care industry zone and meets the requirements of this chapter, the MDA shall certify it as a qualified business.(2) A health care industry facility or business certified by the MDA as a qualified business within a health care industry zone that constructs or renovates a health care industry facility within a health care industry zone shall qualify for the following: (a) An accelerated state income tax depreciation deduction. The accelerated depreciation deduction shall be computed by accelerating depreciation period required by Mississippi Administrative Code, to a ten-year depreciation period.(b) A sales tax exemption as authorized in Section 27-65-101(1)(pp).(c) A fee-in-lieu of taxes as authorized in Section 27-31-104.(d) An ad valorem tax exemption as authorized in Section 27-31-101. Laws, 2012, ch. 520, § 4, eff. 7/1/2012.Reenacted without change by Laws, 2022, ch. 449, HB 474,§ 4, eff. 7/1/2022.Amended by Laws, 2013, ch. 505, HB 722, 3, eff. 7/1/2013.