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One key difference between production tax credits and investment tax credits is that one continues to pay out based on the amount of a product produced, such as wind energy, while the other requires actual dollars to be spent to gain the benefit of the credit.
The amount of the section 48D credit allowable to a taxpayer for any taxable year is generally an amount equal to 25 percent of the basis of any qualified property that is part of an eligible taxpayer's advanced manufacturing facility if the qualified property is placed in service during such taxable year and after ...
Credits are equal to $1,000 per employee per year for a five-year period and are available for any position requiring research or development skills.
Existing manufacturers that have operated in Mississippi for two or more years may be eligible for investment tax credits that can be applied to their state income tax liability. To qualify, an existing manufacturer must invest $1,000,000 or more in buildings and/or equipment used in the manufacturing operation.
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.
? Summary. AN ACT TO DIRECT THE STATE PERSONNEL BOARD TO AMEND THE VARIABLE COMPENSATION PLAN AS NECESSARY TO AWARD A SALARY INCREASE TO EACH STATE EMPLOYEE WHOSE SALARY IS FUNDED BY THE STATE GENERAL FUND IN THE AMOUNT OF A 6% ACROSS-THE-BOARD INCREASE PER YEAR BEGINNING JULY 1, 2023; AND FOR RELATED PURPOSES.
Mississippi Works Fund Grant: The Mississippi Works Fund is a flexible workforce training incentive that allows Mississippi to proactively meet the training needs of both new and existing employers in the state.
Eligible technologies include solar thermal process heat, solar thermal electric, solar water heat, solar space heat, fuel cells, geothermal direct use, biomass, wind, geothermal heat pumps, and others.