MS HB252

Establishes a job tax credit equal to 10% of payroll for supermarkets located in economically distressed communities (areas with at least 30% of residents below the national poverty level).

Limits the annual tax credit to no more than 50% of a supermarket's state income tax liability and caps total credits awarded statewide at $4,000,000 per calendar year.

Exempts from sales tax materials used in constructing a supermarket in a designated economically distressed community, plus machinery and equipment purchased within three months after construction completion.

Requires municipal governing authorities to designate economically distressed areas and the Department of Revenue to certify them based on census tract poverty data.

Effective July 1, 2018.