MS HB472

Extends the repeal date of the income tax credit for companies relocating national or regional headquarters to Mississippi from July 1, 2022 to July 1, 2025.

Companies relocating headquarters from outside Mississippi may claim a tax credit equal to actual relocation costs (travel, moving expenses) with a minimum of 20 jobs required to qualify.

Maximum cumulative tax credits for all relocating companies in any state fiscal year is capped at $1,000,000, exclusive of carryforward credits from previous years.

Companies must certify compliance with the federal Equal Pay Act of 1963, Americans with Disabilities Act of 1990, and Civil Rights Act of 1964 fair pay provisions to participate.

Effective July 1, 2022.