MS SB2817

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

Requires a minimum of 20 jobs to be created by the relocation for a company to qualify for the credit.

Limits the maximum cumulative tax credits claimed by all taxpayers under this provision to $1,000,000 per state fiscal year, excluding carryforward credits from previous years.

Allows unused tax credits to be carried forward for five years from the close of the tax year in which relocation costs were paid.

Repeals this relocation cost credit provision on July 1, 2018.