A Few of the Mississippi Economic Development Bills Pending in the Legislature

College Private Research Incentive Act Proposal: encourages private businesses to invest in Mississippi colleges by offering a seven percent (7%) tax credit to companies who enter into a technology-based written agreement for research and development.  (House Bill 651)

Employee Pass-Through Jobs Tax Credit: provides a business with a jobs tax credit to pass all or a portion to one or more employees of the company in lieu of claiming the credit at the business level.  (House Bill 725, House Bill 1264)

Headquarters Relocation Tax Credit: provides a tax credit in an amount equal to fifty percent (50%) of actual relocation costs to businesses relocating its corporate headquarters to the State of Mississippi.  (House Bill 527, House Bill 758, House Bill 972)

Expansion Relocation Tax Credit: provides a tax credit in an amount equal to fifty percent (50%) of actual relocation costs to existing businesses which expand their labor forces in the State of Mississippi.  The businesses must qualify for the jobs tax credit provided in the Economic Development Reform Act and relocate employees to the State of Mississippi from outside the State.  (House Bill 526, House Bill 757, House Bill 971)