MS SB2152

Authorizes an income tax credit for companies that transfer or relocate 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 through the relocation to qualify for the credit.

Caps the maximum cumulative tax credits claimed by all taxpayers under this provision at $1,000,000 per state fiscal year, exclusive of carryforward credits.

Allows unused relocation credits to be carried forward for 5 years from the close of the tax year in which relocation costs were paid.

Sunsets the relocation credit provision on July 1, 2019.