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A Right-To-Work
Law in the state constitution
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Foreign Trade
Zones
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No sales tax on
purchases of raw materials, processing
chemicals, or packaging materials
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Partial (50%)
sales tax exemptions for purchases of
construction materials, machinery and equipment
in Leake County
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A 1 1/2% sales
tax on machinery and parts used directly in
manufacturing and on industrial electricity,
natural gas, and fuels
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Favorable
unemployment insurance rates and workers'
compensation rates
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State-sponsored
financing programs for land, building, and new
equipment
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Favorable
individual and corporate income tax rates
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State income
tax credits for five years of $500 for each new
job created by a new or expanding business,
providing 20 or more jobs are created
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Five-year state
income tax credits of $1000 for each new R&D job
created
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Companies
establishing or transferring regional or
national headquarters to Mississippi may be
eligible for five-year state income tax credits
of $1000 for each new job created and full sales
tax exemptions for direct purchases of
construction materials, machinery, and equipment
for the headquarters facilities
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State income
tax credits equal to 50% of child/dependent care
expenses
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State income
tax credits equal to 50% of basis skills
training and job re-training expenses
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State income
tax credits for qualified industries in
conjunction with certain bond financing
agreements
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Ten year
exemptions from county and city property taxes,
except school taxes and road and bridge taxes
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Perpetual
exemptions of all property taxes on finished
goods distributed outside of the state through a
Free Port Warehouse Law
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Customized
industrial training programs provided through
the East Central Mississippi Community College
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Utility
companies offer discounts on telephone and
electric rates to eligible companies
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Quarterly
incentive payments through a diversion of
withholding taxes for certain qualified
businesses
