MS HB695

Extends the repeal date of Section 57-73-21(7)(e) from July 1, 2019 to July 1, 2022 for a tax credit allowing companies to claim actual relocation costs when transferring national or regional headquarters to Mississippi from outside the state.

Relocation costs eligible for the credit include nondepreciable expenses such as employee travel and moving expenses for household goods, with a minimum of 20 jobs required to qualify.

Limits the maximum cumulative tax credits claimable by all taxpayers under this provision to $1,000,000 per state fiscal year, excluding carryforward credits from previous years.

Requires companies claiming relocation credits to certify compliance with the Equal Pay Act of 1963, Americans with Disabilities Act of 1990, and fair pay provisions of the Civil Rights Act of 1964.

Takes effect July 1, 2019.