MS HB1693

Allows certain census tracts located in Tier One areas within one mile of state-designated highways to qualify for job tax credits at the Tier Two or Tier Three rates if their unemployment and per capita income levels match those tiers.

Changes the Department of Revenue (formerly State Tax Commission) to administer county tier designations and job tax credit procedures.

For applications filed after January 1, 2005, modifies the job tax credit structure to calculate credits as a percentage of payroll (10% for Tier Three, 5% for Tier Two, 2.5% for Tier One) rather than fixed dollar amounts per job.

Reduces the minimum job creation threshold for national or regional headquarters from 35 to 20 jobs to qualify for additional credits.

Takes effect July 1, 2013.