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MS SB2545
Bill
AI Summary
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Extends the repeal date of Section 57-73-21(7)(e) from July 1, 2025 to July 1, 2029 for the tax credit allowing companies to claim relocation costs when transferring national or regional headquarters to Mississippi from outside the state.
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Maintains the $1,000,000 annual cap on cumulative relocation cost tax credits claimed by all taxpayers in any one state fiscal year.
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Requires companies to create a minimum of 20 jobs to qualify for the relocation cost credit.
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Excludes medical cannabis establishments from eligibility for this and other job tax credits under the section.
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Takes effect June 30, 2025.
Legislative Description
Income tax; extend repealer on credit for certain costs paid by a company in relocating national or regional headquarters to this state.
Last Action
Died In Committee
2/4/2025