MS SB2948

Newly licensed physicians (licensed less than 1 year) who practice and reside in critical physician shortage areas may exclude income above $100,000 from state gross income taxation

The income tax exemption applies for up to 10 consecutive years if the physician continues practicing and residing in a designated shortage area

Critical physician shortage areas are defined as rural or underserved areas designated by the Mississippi Rural Physicians Scholarship Commission

The act is titled the "Mississippi Critical Shortage Physician Incentive Act of 2012" with the purpose of attracting and retaining physicians in underserved areas

Effective date of July 1, 2012