JOBS TAX CREDIT

Eligible employers in Mississippi who create a designated number of full-time jobs are eligible for a five-year jobs tax credit, the amount of which will vary depending upon the location of the facility. The State's 82 counties are divided into three categories: Less Developed, Moderately Developed, and Developed. Oktibbeha County is classified as "Developed", and eligible businesses can receive $500 credit annually per new job if 20 or more jobs are created. Eligible businesses include manufacturers, processors, distributors, wholesalers, warehousers, research and development facilities, air transportation and maintenance facilities, final destination or resort hotels having a minimum of 150 rooms, and movie industry studios. This credit provides a five-year tax credit to the company's state income tax bill for each new job created by a new or expanding business, effective for years two through six after the creation of the job.