MS SB2846

Lowers the minimum job creation requirement from 35 to 20 jobs for companies establishing or transferring their national or regional headquarters in Mississippi to qualify for sales tax exemptions on construction materials and equipment.

Extends sales tax exemption eligibility to companies making additions or improvements to existing national or regional headquarters in Mississippi if they create a minimum of 20 new jobs.

Transfers authority from the Mississippi Development Authority to the Department of Revenue to establish criteria and procedures for determining whether a company qualifies as a national or regional headquarters.

Authorizes job tax credits for companies expanding or making additions to national or regional headquarters within Mississippi if a minimum of 20 new jobs are created, with credits ranging from $500 to $2,000 per employee depending on salary levels.

Changes the Department of Revenue's role in administering job tax credits and modifies how credits are calculated based on payroll percentages rather than fixed dollar amounts for applications filed after January 1, 2005.