INCENTIVE DESCRIPTION

State:	MS
Incentive Type:	Income/Franchise Tax Incentives and Credits
Incentive Title:	Jobs Credits
Description:	1. JOBS TAX CREDIT Income tax credits are available for (a) Permanent business enterprises that are primarily engaged in manufacturing, processing, distribution, wholesaling, research and development and warehousing, (b) Other types of businesses can qualify if designated by the MS Development Authority. The amount of the credit will be determined by the county tier ranking. The credit is taken against state income tax liability for 5 years. Any unused credit can be carried forward. 2. NATIONAL OR REGIONAL HEADQUARTERS CREDIT A credit is available to any company transferring or establishing a national or regional headquarters from within or outside the state and creating a minimum of 35 jobs at the headquarters. The amount of the credit is $500 for each net new full time employee for the first 5 years. 3) ENHANCED PROJECT JOBS TAX CREDIT An income or franchise credit is in lieu of the other jobs credits and is for a business operating a project with an initial capital investment of at least $750,000,000 and which will create at least 3,000 new direct jobs regardless of the county where the project is located. This 20 year credit is equal to $5,000 per new direct job. Also an in lieu fee for franchise tax may be available.
Eligibility Requirements:	1. Different requirements apply for existing and new facilities. Job level requirements vary depending on the Tier ranking of the county. 2. Various businesses may qualify that are designated by the MDA as well as meeting other requirements.
Geographic Restrictions:	Statewide
Granting Authority:	State Tax Commission
	27-7-22; 57-73-21; 57-75-5

The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com

Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives.