MS HB134

Creates a state income tax credit for grocers equal to 25% of the cost of purchasing locally grown, raised, or produced agricultural, aquacultural, or horticultural products for retail sale in Mississippi.

Credits cannot exceed the grocer's total state income tax liability for the taxable year.

Establishes a maximum cumulative cap of $1,000,000 per state fiscal year for all grocers claiming the credit.

Applies to plant and animal products grown, raised, or produced in Mississippi.

Effective January 1, 2019.