MS SB2771

Reenacts income tax credit for taxpayers using state, county, or municipal port facilities for cargo exports, allowing credit for receiving, handling, and wharfage charges paid.

Reenacts income tax credit for taxpayers using public airport facilities for cargo import/export, limited to those with U.S. headquarters in Mississippi, at least 5 new full-time employees, and $2 million minimum investment.

Extends the repealer date for both port and airport tax credits from December 31, 2022 to December 31, 2026 for port credits and from July 1, 2022 to July 1, 2026 for airport credits.

Requires the Mississippi Development Authority to submit annual reports to the Legislature by May 1 each year analyzing the economic impact and job creation effects of both tax credits.

Takes effect July 1, 2022.