MS HB1522

Authorizes a 7% tax credit for digital interactive application companies that invest in certified digital interactive applications, claimed during the year of certification and the following two years.

Credit may be applied against Mississippi income tax or franchise tax liability for the current year and up to three preceding years, with unused credits carrying forward for up to five years.

Defines eligible digital interactive applications as software for mobile devices, military simulation software, interactive educational/training software, or video streaming technology; excludes internal-use software, static websites, and gaming products.

Requires Department of Revenue certification of applications and approval of production expenses before credits are granted; companies must reimburse the state for any required audits.

Prohibits companies in default on state loans, bankruptcy with discharged public obligations, or those owned by such entities from claiming the credit; disallowed credits may be recovered within three years.