MS HB694

Reenacts income tax credit for taxpayers using state, county, and municipal port facilities for exporting cargo, allowing credit for receiving, handling, and wharfage charges paid by the taxpayer.

Extends the repealer date on port facility tax credits from December 31, 2019 to December 31, 2022, continuing the credit authorization beyond the original sunset date.

Reenacts income tax credit for taxpayers using public airport facilities for importing or exporting cargo, limited to those with Mississippi headquarters, at least 5 new full-time employees, and $2 million minimum investment; credit amounts range from $1 million to $4 million based on employee count.

Extends the repealer date on airport facility tax credits from July 1, 2019 to July 1, 2022, with grandfathering provision allowing taxpayers eligible before the original date to remain eligible after.

Requires Mississippi Development Authority to report annually to the Legislature on the economic impact of both port and airport tax credits, including shipping increases, job creation estimates, and net economic impact on the state.