INCENTIVE DESCRIPTION

State: MS
Incentive Type: Special Purpose Zone Incentives and Credits
Incentive Title: Enterprise Zone Credits
Description: 1) GULF OPPORTUNITY ZONE Any business considering an investment in new, replacement, or expanded operations, buildings or equipment within the GO Zone are eligible to receive various credits and incentives. These incentives include: (a) a bonus depreciation deduction equal to 50% of its cost in addition to normal depreciation deduction, (b) a 5 year NOL Carryback from 2 years to 5 years with carryforwards of the NOL for up to 15 years; losses include moving expenses, temporary housing cost, repair expenses, and others, (c) tax exempt financing has been authorized for a wide use of commercial projects; MS currently has an excess of 4.8 billion tax exempt gold bonds, (d) 100% first year equipment expense deduction; small businesses are permitted to expense up to $200,000 of equipment and computer software expense, (e) demolition and clean-up expense - Businesses are allowed to expense 50% of their demolition and clean-up expenses incurred through 2007; (f) incentives for employers - the WOTC qualifying definition has been expanded.
Eligibility Requirements: Businesses must expand, construct, and renovate within the GO Zone area. Businesses must apply with the State, Local and Federal authorities which administer the various incentives.
Geographic Restrictions: Designated Gulf Opportunity Zone
Granting Authority: Federal Government


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.