Rural Economic Development (RED) Tax Credits

РIncome tax credit used in conjunction with Mississippi Finance Corporation-issued industrial revenue bond РBased on amount of bond-related debt service РCredits can use used to offset up to 80% of a company’s state corporate income tax liability...

Sales & Use Tax Exemptions

– Provides a 50% exemption to the 7% general sales tax on qualified project purchases – Provides a 50% exemption on the 1.5% sales tax on machinery and equipment purchases – Exemption is valid from project start through the 3rd month of...

Real & Personal Property Tax

– The exemption is available at the discretion of local authorities. – The value of the ad valorem exemption would be calculated based on the true value of new real and personal property, assessed at a 15% valuation. The millage rates are determined by...

Fee-in-Lieu of Taxes

For projects with a capital investment of at least $60 million, local authorities can grant a fee to be paid in lieu of property tax on all real and personal property for up to 10 years. -A fee in lieu of taxes is available at the discretion of local authorities for...

Freeport Warehouse Exemption

A freeport warehouse exemption is available on finished goods inventory destined for shipment outside the state. -A freeport warehouse exemption is available at the discretion of local authorities. -A freeport warehouse exemption can be granted in perpetuity and can...