MS HB758

Creates an income tax credit of up to 50% of actual relocation costs for companies that transfer or relocate their national or regional headquarters to Mississippi from outside the state

Requires companies to create a minimum of 20 jobs to qualify for the relocation cost credit

Caps the credit at $1,000,000 per company per taxable year, with a statewide annual cap of $3,000,000 for all taxpayers claiming the credit (excluding carried-forward credits)

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

Sets the relocation tax credit provision to automatically repeal on January 1, 2018, with the overall bill taking effect January 1, 2013