MS SB2826

Authorizes an income tax credit for permanent business enterprises that expand labor forces into Mississippi from outside the state, covering actual relocation costs including travel and moving expenses for relocated employees.

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

Allows unused relocation 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.

Makes conforming amendments to sections related to job tax credits and telecommunications enterprise tax credits, transferring authority from the State Tax Commission to the Department of Revenue.