HCPHC web logo
About Us - 2519 Bytes email 
 
site map 
 
 HOME
 ABOUT US
      ORGANIZATION
      MISSION & GOAL
      GEOGRAPHY
      WEATHER &       CLIMATE
      DEMOGRAPHICS
      BUSINESS       INCENTIVES
      HISTORY
      CONTACT US
 LOCATIONS
 RAILROAD SERVICES
 AIRPORT SERVICES
 PARTNERS
 

 

 

 

 

 
Synopsis Of Mississippi Incentives
for New and Expanding Industry

o A Right-To-Work Law in the state constitution.
o Foreign Trade Zones (FTZ)
o No sales tax on purchases of raw materials, processing chemicals, or packaging materials.
o No sales tax on direct purchases of construction materials, machinery, and equipment for businesses that are financed through certain bonds or located in less developed counties.
o Partial (50%) sales tax exemptions for purchases of construction materials, machinery, and equipment in moderately developed and developed counties.
o A 1.5% sales tax on machinery and parts used directly in manufacturing and on industrial electricity, natural gas, and fuels.
o Favorable unemployment insurance rates and workers' compensation rates.
o State-sponsored financing programs for land, building, and new equipment.
o Favorable individual and corporate income tax rates.
o State income tax credits for five years ranging from $500 to $2,000 for each new job created by a new or expanding business.
o Five-year state income tax credits of $500 for each new R&D job created.
o For companies transferring regional or national headquarters to Mississippi, five-year state income tax credits of $500 for each new job created, and full sales tax exemptions for direct purchases of construction materials, machinery, and equipment for the headquarters facility.
o State income tax credits equal to 50% of child/dependent care expenses.
o State income tax credits equal to 25% of basic skills training and job re-training expenses.
o State income tax credits for qualified industries in conjunction with certain bond financing agreements.
o Exemptions from county property taxes, except school taxes.
o Exemptions of property taxes on finished goods through a Free Port Warehouse Law.
o Customized workforce training programs provided through the State Board for Community Colleges. Workforce Investment Partnership Act assistance provided through the Mississippi Department of Economic and Community Development.
o Utility companies offer discounts on telephone and electric rates to eligible companies.

> Summary of Mississippi Tax Incentives
> Mississippi State Tax Commission County Ranking and Designation 2000
> Summary of Basic Corporate Tax Rates in Mississippi