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Economic Incentives
Tax Incentive Information
Mississippi Development Authority
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- HB 785 Authorizes an income tax credit for costs paid to relocate national or regional headquarters to this state.
- SB 2023 Provides an income tax jobs credit for certain warehousing activities
- SB 2373 Adds municipal airports to the definition of public entity for New Markets Credit
- SB 2374 Motion Picture Incentive Act adds fringe benefits to rebate calculations
- SB 2376 Revises the definition of economic development project tax incentives
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Income Taxes
Individual Income Tax
Corporate / Pass Through Entity
Withholding
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- HB 799 Revises the use of alternative apportionment and combined reporting for corporate income tax
- SB 2065 Excludes deferred gains and deferred income from Franchise Tax
- SB 2628 Exempts savings ad loans from Franchise Tax
- SB 2933 Revises alternative corporate income tax apportionment for pharmaceutical suppliers
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Sales and Use Taxes
Sales and Use Tax
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- HB 260 Exempts finance charges from the definition of gross proceeds of sales for sales tax purposes and exempts certain engineering charges from contractor's tax
- HB 787 Exempts sales of durable medical equipment and home medical supplies, exempts, sales to the Mississippi Diabetes Foundation and Juvenile Diabetes Research Foundations; exempts from sales tax the sales of soil amendments sold to commercial plant nurseries who make only wholesale sales
- HB 1555 Exempts sales of aircraft used in oil and natural gas production
- SB 2425 Creates a Sportsman's Sales Tax Holiday for a 48-hour period beginning on the first Friday of September
- SB 2921 Exempts from sales taxes the sales to Mississippi Children's Museum, sales of non-perishable food sold to charitable organizations, sales to the United Way of Pine Belt Region and parking at livestock facilities
- SB 2934 Exempt sales tax on certain truck tractors
- SB 2972 Exempts from sales tax guided services on navigable water
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Motor Vehicles, Tags and Titles
Available Specialty Plates
Motor Vehicle Licensing Titles
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- SB 2296 Provides that IFTA follow interest rate charged on underpaid fuel tax per the International Fuel Tax Agreement
- SB 2472 Authorizes new specialty license plates
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ABC and Beer
Alcoholic Beverage Control
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- HB 801 Authorizes package retailers to sample products and to hold tasting events approved by the ABC
- HB 836 Allows ABC permits in Pearl River Valley Water Supply District and certain game reserves
- SB 2554 Creates an ABC events permit
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Ad Valorem / Homestead
Property Taxes
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- HB 37 Local taxing units must publish certain information following property reappraisal
- HB 1165 Increases the amount of homestead exemption for disabled veterans
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Other
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- HB 487 Creates a Statewide Tax Lien Registry effective January 1, 2015.
- HB 787 Exempts from the municipal sales tax the wholesale sales of beer and alcohol, and removes tax on the delivery of tangible personal property
- HB 1590 Changes how Liquefied Natural Gas is measured for motor fuel tax purposes
- SB 2024 Allows insurance companies to make estimated payments of premium tax.
- SB 2975 Revises Oil Severance Tax distribution
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Special Levies
Special City and County Levies (also known as Tourism Taxes)
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- HB 417 City of Ripley extend repealer on hotels, motels and restaurants tax
- HB 1444 Town of Sardis extend repealer on hotels, motels and restaurants tax
- HB 1448 City of Brandon extend repealer on tax on sales of food and drink at restaurants
- HB 1504 City of Senatobia authorize hotels, motels and restaurants tax
- HB 1507 City of Brookhaven authorize tax on motels, hotels, bed and breakfast establishments
- HB 1586 Town of Como authorize hotels, motels and restaurants tax
- HB1625 Waynesboro extend repealer on recreational facilities tax
- HB 1642 Hattiesburg extend repealer on hotel and motel tax
- SB 2919 City of Amory authorize hotels, motels and restaurants tax
- SB 2925 City of So ut haven remove repeal date on restaurant tax
- SB 2956 City of McComb delete repeal date on tourism tax
- SB 2957 Washington County extend repeal date on hotel motel tax
- SB 2963 City of Pascagoula extend repeal date on hotel motel tax
- SB 2964 City of Hernando authorize tax on restaurants, hotels, and motels
- SB 2990 Flowood authorize tax on hotels and motels
- SB 2994 Byram authorized tax on room rentals, hotels and motels
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