MS HB784

Creates a new income tax credit for businesses that expand their workforce into Mississippi from outside the state, covering actual relocation costs paid to move employees, including travel expenses for home searches and moving household goods

Limits the total tax credits available under this relocation provision to $1,000,000 per state fiscal year across all taxpayers, excluding credits carried forward from previous years

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

Requires participating businesses to certify compliance with the federal Equal Pay Act of 1963, Americans with Disabilities Act of 1990, and fair pay provisions of the Civil Rights Act of 1964

Sets the relocation credit provision to automatically repeal on July 1, 2019, and makes conforming amendments to related telecommunications enterprise statutes