| State: |
MS |
| Incentive Type: |
Sales and Use Tax Incentives |
| Incentive Title: |
Sales Tax Exemptions |
| Description: |
SALES AND USE TAX EXEMPTION Eligible businesses that construct or expand operations may receive a sales and use tax exemption on materials used in the construction of real property and machinery and equipment. The amount of the exemption will range from 50% to 100% depending upon the tier ranking of the county. The sales and use tax exemption also applies to designated national or regional headquarters, projects using bond financing, certain telecommunications equipment, certain motion picture production equipment, and certain tourism project costs. |
| Eligibility Requirements: |
Must be a qualified business. May require new job creation. Must submit an application prior to construction or purchase of the machinery and obtain an assigned registration account. A direct pay permit can not be used with this exemption.
|
| Geographic Restrictions: |
Statewide |
| Granting Authority: |
MS State Tax Commission |
|
27-65-101, 57-73-21, 57-10-1 |
