MS HB1332

Extends the repeal date of the income tax credit for taxpayers using airport facilities for cargo export/import from July 1, 2019 to July 1, 2021.

Allows eligible taxpayers to claim credits against state income taxes for airport charges including receiving cargo, aircraft marshalling fees, and aircraft landing fees.

Requires taxpayers to have established U.S. headquarters in Mississippi after July 1, 2005, employ at least five permanent full-time employees, and invest a minimum of $2,000,000 in real or personal property to qualify.

Caps cumulative lifetime credits between $1,000,000 and $4,000,000 depending on the number of permanent full-time employees at the taxpayer's Mississippi headquarters.

Requires the Mississippi Development Authority to file annual reports to the Legislature detailing shipping volume increases, jobs created or retained, and net economic impact of the tax credit.