MS SB2930

Authorizes an income tax credit for companies that transfer or relocate their national or regional headquarters to Mississippi from outside the state, equal to 50% of actual relocation costs paid.

Requires a minimum of 20 jobs to be created by the relocation to qualify for the credit, with a maximum credit of $1,000,000 per taxable year and $3,000,000 cumulative state fiscal year cap.

Defines eligible relocation costs as nondepreciable expenses necessary to relocate employees to the headquarters, with restrictions preventing credit for relocating the same employee more than once in 12 months.

Allows unused credits to be carried forward for 5 years from the close of the tax year in which relocation costs were paid, subject to a 50% annual limitation against state income tax liability.

Sunsets the headquarters relocation credit on January 1, 2018, and makes conforming amendments to telecommunications enterprise tax credit provisions.