MS HB961

Reenacts and extends the income tax credit for taxpayers using state, county, or municipal port facilities for exporting cargo, covering receiving, handling, and wharfage charges, with a maximum $1.2 million cumulative credit through December 31, 2005, and repeals this credit on July 1, 2028.

Requires the Mississippi Development Authority to report annually to the Legislature on the port tax credit's impact on shipping, employment, and economic growth at each port.

Reenacts and extends the income tax credit for taxpayers with U.S. headquarters in Mississippi who use airport facilities for importing or exporting cargo, covering receiving, marshalling, and landing fees, with maximum cumulative credits ranging from $1 million to $4 million based on employee count, and repeals this credit on July 1, 2028.

Allows taxpayers eligible for the airport tax credit before July 1, 2028, to remain eligible after that date despite the repeal, and requires annual reports to the Legislature on the airport credit's economic impact.

Repeals previous repeal provisions and changes the repeal dates for both port and airport tax credit sections from 2025 to July 1, 2028.