MS SB2835

Extends the repeal date of Mississippi's water transportation enterprise job tax credit from January 1, 2023 to January 1, 2027.

Water transportation enterprises remain eligible for a $2,000 annual income tax credit for each Mississippi full-time job created, claimed for five years from the credit's commencement date.

Eligible enterprises must have created jobs on or after January 1, 2019, filled by Mississippi residents working at least 35 hours per week.

Annual tax credits are limited to the enterprise's total state income tax liability, with unused credits carried forward for five consecutive years.

Maximum aggregate credits claimable by all water transportation enterprises in any taxable year cannot exceed $2,000,000.