Momentum Mississippi Incentives Summary

The Momentum Mississippi Incentive legislation has two components — first, enhancing existing tax credits and incentives to include high-tech non-manufacturing industries and provide investment incentives to existing Mississippi businesses and second to fund incentive programs through issuance of bonds.

Loan/Grant Programs

• Mississippi Existing Industry Productivity Loan Program
• Research and Development and Technology-Based Business and Industry Loan
• Mississippi Job Protection Act
• Development Infrastructure Program

Tax Credits/Exemptions

• Alternative Energy Project 
• Existing Manufacturer Credit 
• Reduced Sales Tax Rate for Technology Intensive Enterprises 
• Sales Tax Exemption (technology intensive enterprises are now added to an existing exemption) 
• Sales Tax Exemption (data/information enterprises are now added to an existing exemption)
• Property Tax Exemption  
• Jobs Tax Credit
• Rural Economic Development (RED) Credit

Other Incentives

• Advantage Jobs

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For more information:
Financial Resources Division
Telephone: 601.359.3552
Fax: 601.359.3619
financial@mississippi.org