Mississippi Top Credits & Incentives

New or expanding businesses in Mississippi can take advantage of the state’s income tax incentives. The Mississippi Jobs Tax Credit and the Manufacturing Investment Tax Credit are among the top programs offered in this state.

Jobs Tax Credit

Businesses must create and maintain 10-20 net new jobs as required based on the development ranking of the county (Tier 1-3). Value is 2.5%, 5%, or 10% of payroll expense.

Manufacturing Investment Tax Credit

The credit is calculated as 5 percent of the eligible project investment and is allowed for the year that the investment occurs. The tax credit allowed on any project cannot exceed $1,000,000.

Industries benefiting from Mississippi Tax Credits

  • Manufacturers
  • Wholesalers
  • Processors
  • Research and development facilities
  • Distributors
  • Warehouses 

In addition, the following businesses qualify upon receiving a designation by the Mississippi Development
Authority:

 

  • Air and transportation maintenance facilities
  • Telecommunications companies
  • Data and information processing companies
  • Computer software development enterprises
  • Recreational facilities that impact tourism
  • Resort hotels having a minimum of 150 rooms
  • Movie industry studios
  • Technology-intensive facilities

Businesses

Verity works with companies of all sizes and industries to claim the credits and incentives that they have been missing

CPA Firms

Whether working directly with your clients, or white-labeling, Verity has a solution to fit your needs

 

Payroll Companies

Offer tax credit compliance services to your product offering as a value-add to your clients

 

Schedule a 20 minute call to discuss your tax credit situation

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