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The Advantage Jobs Incentive Program is a rebate program designed to encourage businesses that create new quality jobs to locate in the state. Jobs must meet or exceed the average annual wage of the state or the county in which the company locates, whichever is lower.
The Advantage Jobs Incentive Program provides for a rebate of a percentage of Mississippi payroll to qualified employers for a period of up to 10 years. This incentive is available to businesses that promise significant expansion of the economy through the creation of jobs. The average of all jobs included in the program must meet the minimum average wage requirements. Minimum job creation requirements are based on the level of development of the county.
The following businesses may qualify for this tax rebate:
In addition to meeting the above requirements, eligible businesses must also:
The amount available for rebate is the lesser of:
Once the amount available is determined, the eligible company will receive:
The company will have 24 months from the date that the application is approved by MDA to meet all program requirements, including jobs and salaries.
For further details, see the Mississippi Tax Incentives, Exemptions, and Credits on the Mississippi Department of Revenue website http://www.dor.ms.gov/docs/policy_incentivebookfinal.pdf, or Section 57-62-1 et seq., MS Code 1972, Annotated. To request these documents or for assistance, contact the Mississippi Department of Revenue at 601.923.7044 or the Financial Resources Division at email@example.com or 601.359.3552.