Mississippi Adoption of incentive compensation plan
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How to fill out Adoption Of Incentive Compensation Plan?
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FAQ
Manufacturing Investment Tax Credit: To support the retention and expansion of manufacturers, Mississippi offers an investment tax credit to companies that have maintained a manufacturing facility in the state for at least 2 years. To qualify, a business must invest at least $1 million in buildings and/or equipment.
Designed to encourage businesses creating new, high-quality jobs to locate or expand in Mississippi, the Advantage Jobs Program provides a cash rebate to eligible businesses that create new jobs that meet or exceed the average annual wage of the state or the county in which the company locates.
A ?low-income community? is a population census tract with either a poverty rate of at least 20 percent or median family income that does not exceed 80 percent of the greater of metropolitan area median family income or statewide median family income (for a non-metropolitan census tract, does not exceed 80 percent of ...
The New Markets Credit allows a credit for income, insurance premium, or premium retaliatory taxes to investors in eligible equity securities issued by a Qualified Community Development Entity that has entered into an allocation agreement with the Community Development Financial Institutions Fund of the U.S. Treasury ...
NMTC-financed loans provide borrowers with financing at below market interest rates and often include non-traditional features unavailable through conventional financing. The CDE uses that capital to make loans or equity investments in businesses in low-income communities.
The NMTC expires on December 31, 2025.
The NMTC program supports a wide range of project types. The largest, by share of program dollars, are manufacturing and food processing, retail, health care services, schools and child care, and office and professional services.