MS SB2726

Lowers the minimum number of jobs required for headquarters relocation companies to qualify for sales tax exemption on construction materials from 35 to 20 jobs at the new headquarters.

Transfers authority from the Mississippi Development Authority to the Department of Revenue to establish criteria and prescribe procedures for determining if a company qualifies as a national or regional headquarters.

Applies to companies establishing or transferring national or regional headquarters from within or outside Mississippi and seeking sales tax exemption under Section 27-65-101(r).

Modifies Section 57-73-21 to change the minimum job requirement from 35 to 20 jobs for companies claiming the headquarters relocation tax credit.

Takes effect July 1, 2012.