MS HB1373

Amends Section 57-73-21 of the Mississippi Code to include entities performing "warehousing activities" as eligible business enterprises for the job tax credit program.

Defines "warehousing activities" as entities establishing or expanding facilities that service and support multiple retail or wholesale locations within and outside the state, including facilities that solely support the primary activities of the entity.

Requires that tax credits generated for warehousing activities offset the entity's income based on an apportioned ratio of warehouse employee payroll to total Mississippi payroll (including retail employee payroll).

Applies to business enterprises applying for the job tax credit on or after January 1, 2005, using the existing tiered credit system based on county unemployment and per capita income designations.

Takes effect January 1, 2014.