MS HB1699

Excludes from Mississippi state income tax amounts received by foreign infrastructure affiliate employees from infrastructure companies for disaster or emergency-related work performed during a declared disaster period.

Disregards activity of foreign infrastructure company affiliates conducted in the state relating to disasters for income tax filing requirements, including combined or unitary group filings.

Exempts foreign infrastructure company affiliates from establishing tax nexus, withholding taxes, or requiring employer withholding account numbers when performing disaster or emergency-related work during a disaster period.

Exempts foreign infrastructure company affiliates from corporation franchise tax when conducting operations in the state solely for disaster or emergency-related work during a disaster period.

Maintains applicability of transaction taxes including fuel, sales, use, hotel, and automobile rental taxes on materials and services purchased by these entities during disaster periods.