INCENTIVE DESCRIPTION

State: MS
Incentive Type: Property Tax Incentives
Incentive Title: Property Tax Abatements
Description: 1) PROPERTY TAX EXEMPTION Qualified businesses may be eligible to receive a 10 year property tax exemption if allowed by the local governing authority. The exemption may include real and/or personal property. The exemption does not apply for taxes associated with school districts. 2) FREEPORT EXEMPTION Eligible businesses using designated Freeport warehouses may receive an exemption from property taxes on personal property moved through the state.
Eligibility Requirements: 1) Must be an eligible business. Must file an application by June 1 of preceding year. Must be certified by the MS State Tax Commission. The county or municipality may at its discretion grant an exemption for certain additions or expansions when the intitial request for exemption is not timely made; such additions or expansions include those of facilities or property or replacement of equipment for certain enterprises. 2) Must be a designated warehouse. Must file an application by June 1 of preceding year. Must obtain a liscense from the local governing authorities.
Geographic Restrictions: Statewide
Granting Authority: Mississippi Development Authority
27-31-101, 27-31-115


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.