Favorable individual and corporate income tax rates. State income tax credits for qualified industries in conjunction with certain bond financing agreements. Exemptions from county property taxes, except school taxes. Exemptions of property taxes on finished goods through a Free Port Warehouse Law. Customized workforce training programs provided through the State Board for Community and Junior Colleges.
Utility companies offer discounts on telephone and electric rates to eligible companies.
Some of the incentives listed below vary according to the development status of the counties. A list of the counties and their development status is attached. The county status will be re-assessed annually by the Mississippi State Tax Commission, according to each county's unemployment rate and per capita income averages over the prior three years. A. Jobs Tax 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.