MS SB2613

Reenacts income tax credit for taxpayers using state, county, and municipal port facilities for export cargo, allowing credit for receiving, handling, and wharfage charges with a maximum cumulative credit of $1,200,000 through December 31, 2005.

Extends the repeal date for port facility tax credits from December 31, 2015 to December 31, 2016.

Reenacts and amends income tax credit for taxpayers using public airport facilities for import or export cargo charges, limited to those with U.S. headquarters in Mississippi, at least 5 new full-time employees, and $2,000,000 minimum investment.

Sets maximum cumulative airport tax credits between $1,000,000 and $4,000,000 depending on employee count, with unused credits carried forward for up to 5 years.

Extends the repeal date for airport facility tax credits from July 1, 2015 to July 1, 2016 and requires Mississippi Development Authority to file annual reports on economic impact to the Legislature by May 1.