MS SB2852

Extends the repeal date of the income tax job credit for inland water transportation enterprises from January 1, 2026 to January 1, 2030.

Water transportation enterprises providing cargo transport on lakes, rivers, and intracoastal waterways remain eligible for a $2,000 annual tax credit per Mississippi full-time job created for five years.

Enterprises eligible for the credit before January 1, 2030 may continue carrying forward unused credits after that date per existing carryforward provisions.

Maximum aggregate credits claimable by all taxpayers in any taxable year remains capped at $2,000,000.

Effective July 1, 2025.