MS HB952

Extends the repeal date of the tax credit for relocation costs paid by companies moving their national or regional headquarters to Mississippi from July 1, 2025 to July 1, 2028.

Companies relocating headquarters from outside Mississippi to the state may claim a tax credit equal to actual relocation costs (including employee travel and moving expenses) if they create a minimum of 20 jobs.

Maximum cumulative relocation cost credits allowed statewide per fiscal year is $1,000,000, exclusive of carryforward credits from previous years.

Excludes medical cannabis establishments from eligibility for this and related job tax credits under Mississippi law.

Takes effect July 1, 2025.