MS SB2822

Creates the "Mississippi Flexible Tax Incentive Act" allowing the Mississippi Development Authority to certify qualified businesses and award tax credits for economic development projects requiring a minimum $2.5 million investment or creation of at least 10 new full-time jobs

Tax credit calculation includes 1.5% of manufacturing machinery costs, 7% of non-manufacturing equipment costs, 2% of construction contract prices, plus additional credits of 15-30% of payroll multiplied by new jobs for employers meeting wage and health insurance thresholds

Credits can offset state income tax, franchise tax, sales/use tax, and up to 20% annually can offset withholding taxes, with unused credits expiring 10 years after project certification

Eligible projects include warehouses, manufacturing facilities, research and development operations, regional/national headquarters, air and maritime transportation, data centers, and technology enterprises

Businesses receiving mFlex credits are prohibited from claiming other specified state tax incentives for the same project, and must file annual reports documenting investment amounts, job creation, and wages paid