Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 1 - MISSISSIPPI DEVELOPMENT AUTHORITY (§§ 57-NEW-001 — 57-1-783) › INCENTIVES TRANSPARENCY FOR A PROSPEROUS MISSISSIPPI ACT (§§ 57-1-751 — 57-1-761) › Section 57-1-759 - Annual report

(1)
On or before March 1 of each year, a certified applicant shall file an annual report with the department for any qualified economic development project for the tax year ending during the immediately preceding calendar year, referred to in this paragraph as "the report year," containing the following information:
(a)
The name and county of operation of the recipient;
(b)
The amount of the economic incentive awarded to the certified applicant;
(c)
The purpose of the economic incentive;
(d)
The number of full-time employees, part-time employees and employees of a temporary employment agency that the certified applicant agreed to hire, retain or train when the economic incentive was awarded;
(e)
The amount of the investment the certified applicant expects to make in the state as a result of the qualified economic development project;
(f)
The number of all full-time employees, part-time employees and employees of a temporary employment agency employed by the certified applicant and based in the state on the last day of the report year;
(g)
The incremental amount of qualified investment made in the report year;
(h)
The average and median wages of all additional full-time employees and part-time employees above the certified applicant's base level of employment in the state whose jobs were added since the first day of the first tax year in which the economic incentive was awarded;
(i)
The percentage and number of all additional full-time employees and part-time employees above the certified applicant's base level of employment who have access to retirement benefits and health benefits; and
(j)
The number of Mississippi-based companies included in the certified applicant's supply chain.
(2)
The department may prescribe forms for the annual report.
(3)
By October 1 of each year, the executive director of the department shall file a report with the Governor, the Speaker of the House, the President of the Senate, the Joint Legislative Budget Committee and the members of the committees in the Mississippi House and Senate having jurisdiction over taxation matters, containing data on employment levels, wages and other information described in this section and reported by certified applicants to the department, for each year that the applicant received an economic incentive. In addition to the data on individual qualified economic development projects, the report shall contain the following aggregate information:
(a)
The total amount of incentives approved or awarded;
(b)
The total amount of loans made by the department;
(c)
The total amount of grants awarded by the department;
(d)
A description of standard terms for each loan program;
(e)
A list of projects that have met contractual requirements and have been closed out by the department.
(4)
The Department of Revenue shall provide the department with the tax information required to be included in this report.
Amended by Laws, 2020, ch. 482, SB 2563,§ 5, eff. 7/1/2020.