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