Mississippi levies a tax on individual income in the state, as required in §27-7-5 of the Mississippi Code. Income tax is assessed at the same rate for individuals as it is for business entities. Employers are statutorily required to withhold Mississippi personal income tax from its employees and remit these withholdings directly to the Mississippi State Tax Commission. This tax is a deduction from the employee’s wages, and does not require a contribution from the employer. Specific registration, withholding, and filing requirements can be obtained from the Mississippi State Tax Commission.
Mississippi levies an unemployment compensation tax on the first $7,000 of an employee’s annual wages, as provided for in Mississippi Code §71-5-1 et seq. The maximum contribution rate for employers is 5.4%, with the minimum rate equaling 0.9%. Both the state minimum rate and the business’s rate vary from year to year. New employers in the state are assigned an initial rate of 2.7% of wages until the Mississippi Department of Employment Security can compute an actual experience rate for the employer. Rates are recalculated each October and apply to the following year’s wages. Rates are adjusted after two to three years of Mississippi filings, depending upon what time of year the employer begins reporting.
Mississippi employers with five or more employees are required to purchase worker’s compensation coverage through an insurance carrier, or they must qualify with the Mississippi Worker’s Compensation Commission as a self-insurer.
The compensation is about two-thirds of the claimant’s average weekly wages for up to 450 weeks, not including medical payments. These amounts are indexed on an annual basis.
Additional Information
For additional information on these incentives, along with specific requirements related to applying for the incentives, visit the Mississippi State Tax Commission’s website at www.mstc.state.ms.us, and select Tax Incentives from the Reference column.
*The company must meet minimum criteria set forth by state statute and the rules and regulations of the Mississippi Development Authority, Mississippi Business Finance Corporation, Mississippi State Tax Commission, and local governing authorities to receive these credits/exemptions/incentives.
|
County |
Average Annual Salary |
110% of Average Annual Salary |
125% of Average Annual Salary |
150% of Average Annual Salary |
175% of Average Annual Salary |
200% of Average Annual Salary |
|
State Average |
$28,004.00 |
$30,804.40 |
$35,005.00 |
$42,006.00 |
$49,007.00 |
$61,608.80 |
|
|
|
|
|
|
|
|
|
Adams |
$24,569.00 |
$27,025.90 |
$30,711.25 |
$36,853.50 |
$42,995.75 |
$54,051.80 |
|
Alcorn |
$27,011.00 |
$29,712.10 |
$33,763.75 |
$40,516.50 |
$47,269.25 |
$59,424.20 |
|
Amite |
$23,063.00 |
$25,369.30 |
$28,828.75 |
$34,594.50 |
$40,360.25 |
$50,738.60 |
|
Attala |
$22,339.00 |
$24,572.90 |
$27,923.75 |
$33,508.50 |
$39,093.25 |
$49,145.80 |
|
Benton |
$25,147.00 |
$27,661.70 |
$31,433.75 |
$37,720.50 |
$44,007.25 |
$55,323.40 |
|
Bolivar |
$25,183.00 |
$27,701.30 |
$31,478.75 |
$37,774.50 |
$44,070.25 |
$55,402.60 |
|
Calhoun |
$22,242.00 |
$24,466.20 |
$27,802.50 |
$33,363.00 |
$38,923.50 |
$48,932.40 |
|
Carroll |
$21,162.00 |
$23,278.20 |
$26,452.50 |
$31,743.00 |
$37,033.50 |
$46,556.40 |
|
Chickasaw |
$24,730.00 |
$27,203.00 |
$30,912.50 |
$37,095.00 |
$43,277.50 |
$54,406.00 |
|
Choctaw |
$28,240.00 |
$31,064.00 |
$35,300.00 |
$42,360.00 |
$49,420.00 |
$62,128.00 |
|
Claiborne |
$42,474.00 |
$46,721.40 |
$53,092.50 |
$63,711.00 |
$74,329.50 |
$93,442.80 |
|
Clarke |
$22,490.00 |
$24,739.00 |
$28,112.50 |
$33,735.00 |
$39,357.50 |
$49,478.00 |
|
Clay |
$27,274.00 |
$30,001.40 |
$34,092.50 |
$40,911.00 |
$47,729.50 |
$60,002.80 |
|
Coahoma |
$25,984.00 |
$28,582.40 |
$32,480.00 |
$38,976.00 |
$45,472.00 |
$57,164.80 |
|
Copiah |
$23,954.00 |
$26,349.40 |
$29,942.50 |
$35,931.00 |
$41,919.50 |
$52,698.80 |
|
Covington |
$21,944.00 |
$24,138.40 |
$27,430.00 |
$32,916.00 |
$38,402.00 |
$48,276.80 |
|
Desoto |
$27,347.00 |
$30,081.70 |
$34,183.75 |
$41,020.50 |
$47,857.25 |
$60,163.40 |
|
Forrest |
$28,906.00 |
$31,796.60 |
$36,132.50 |
$43,359.00 |
$50,585.50 |
$63,593.20 |
|
Franklin |
$25,285.00 |
$27,813.50 |
$31,606.25 |
$37,927.50 |
$44,248.75 |
$55,627.00 |
|
George |
$23,287.00 |
$25,615.70 |
$29,108.75 |
$34,930.50 |
$40,752.25 |
$51,231.40 |
|
Greene |
$22,947.00 |
$25,241.70 |
$28,683.75 |
$34,420.50 |
$40,157.25 |
$50,483.40 |
|
Grenada |
$26,723.00 |
$29,395.30 |
$33,403.75 |
$40,084.50 |
$46,765.25 |
$58,790.60 |
|
Hancock |
$31,405.00 |
$34,545.50 |
$39,256.25 |
$47,107.50 |
$54,958.75 |
$69,091.00 |
|
Harrison |
$26,506.00 |
$29,156.60 |
$33,132.50 |
$39,759.00 |
$46,385.50 |
$58,313.20 |
|
Hinds |
$33,579.00 |
$36,936.90 |
$41,973.75 |
$50,368.50 |
$58,763.25 |
$73,873.80 |
|
Holmes |
$23,504.00 |
$25,854.40 |
$29,380.00 |
$35,256.00 |
$41,132.00 |
$51,708.80 |
|
Humphreys |
$19,345.00 |
$21,279.50 |
$24,181.25 |
$29,017.50 |
$33,853.75 |
$42,559.00 |
|
Issaquena |
$20,480.00 |
$22,528.00 |
$25,600.00 |
$30,720.00 |
$35,840.00 |
$45,056.00 |
|
Ittawamba |
$24,860.00 |
$27,346.00 |
$31,075.00 |
$37,290.00 |
$43,505.00 |
$54,692.00 |
|
Jackson |
$32,750.00 |
$36,025.00 |
$40,937.50 |
$49,125.00 |
$57,312.50 |
$72,050.00 |
|
Jasper |
$25,241.00 |
$27,765.10 |
$31,551.25 |
$37,861.50 |
$44,171.75 |
$55,530.20 |
|
Jefferson |
$22,124.00 |
$24,336.40 |
$27,655.00 |
$33,186.00 |
$38,717.00 |
$48,672.80 |
|
Jefferson Davis |
$22,035.00 |
$24,238.50 |
$27,543.75 |
$33,052.50 |
$38,561.25 |
$48,477.00 |
|
Jones |
$27,454.00 |
$30,199.40 |
$34,317.50 |
$41,181.00 |
$48,044.50 |
$60,398.80 |
|
Kemper |
$21,055.00 |
$23,160.50 |
$26,318.75 |
$31,582.50 |
$36,846.25 |
$46,321.00 |
|
Lafayette |
$28,083.00 |
$30,891.30 |
$35,103.75 |
$42,124.50 |
$49,145.25 |
$61,782.60 |
|
Lamar |
$23,752.00 |
$26,127.20 |
$29,690.00 |
$35,628.00 |
$41,566.00 |
$52,254.40 |
|
Lauderdale |
$27,571.00 |
$30,328.10 |
$34,463.75 |
$41,356.50 |
$48,249.25 |
$60,656.20 |
|
Lawrence |
$33,749.00 |
$37,123.90 |
$42,186.25 |
$50,623.50 |
$59,060.75 |
$74,247.80 |
|
Leake |
$20,596.00 |
$22,655.60 |
$25,745.00 |
$30,894.00 |
$36,043.00 |
$45,311.20 |
|
Lee |
$31,456.00 |
$34,601.60 |
$39,320.00 |
$47,184.00 |
$55,048.00 |