MS HB1162

Reenacts income tax credit for taxpayers using state, county, and municipal port facilities for exporting cargo, allowing credit for receiving, handling, and wharfage charges on export cargo.

Extends the repealer date for port facility tax credits from December 31, 2022 to December 31, 2025.

Reenacts income tax credit for taxpayers using public airport facilities for import or export cargo charges (receiving, aircraft marshalling, landing fees), requiring headquarters location in Mississippi, minimum five full-time employees, and $2 million investment.

Extends the repealer date for airport facility tax credits from July 1, 2022 to July 1, 2025, while grandfathering in taxpayers eligible before the new date.

Requires Mississippi Development Authority to file annual reports to the Legislature detailing shipping increases, job creation, and net economic impact for both port and airport tax credits.