INCENTIVE DESCRIPTION

State:	MS
Incentive Type:	Special Purpose Zone Incentives and Credits
Incentive Title:	Other Tax Incentives/Credits
Description:	1) GROWTH & PROSPERITY (GAP) EXEMPTION Eligible businesses that locate in designated GAP areas are eligible for a 10 year property tax abatement, 10 year sales and use tax on building materials and machinery and equipment, 10 year income or franchise taxes, and could be eligible for an adjusted income tax apportionment formula. This exemption is available through 2010.
Eligibility Requirements:	1) Must be an eligible business that locates in a designated GAP area. Must make application to the MDA to be designated as a qualified business.
Geographic Restrictions:	Approved Growth and Prosperity Areas statewide
Granting Authority:	Mississippi Development Authority
	27-13-5 & 7; 57-80-1 thru 11, 27-65-101

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.