MS HB757

Authorizes an income tax credit for permanent business enterprises that expand labor forces into Mississippi from outside the state, covering up to 50% of actual relocation costs paid to relocate employees.

Limits individual company credits to $1,000,000 per taxable year and caps total statewide credits at $3,000,000 per fiscal year, excluding carryforward amounts.

Allows unused relocation cost credits to be carried forward for five years from the taxable year in which costs were paid.

Repeals this relocation credit provision on July 1, 2017.

Changes references from "State Tax Commission" to "Department of Revenue" and "Commissioner of Revenue" throughout related job tax credit statutes.