Mississippi Proposal to approve annual incentive compensation plan
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How to fill out Proposal To Approve Annual Incentive Compensation Plan?
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FAQ
PROGRAM FACTS The amount of the Advantage Jobs rebate is 90 percent of the amount of income tax withheld for employees with new, direct jobs. However, the rebate cannot exceed 4 percent of the new employees' total annual salaries, which exclude benefits not subject to Mississippi income taxes.
The Mississippi Major Economic Impact Act, jointly administered by MDA and the State Bond Commission, was created by the Legislature to provide incentives to aid local communities in the development requirements of large capital projects.
The Mississippi River plays a major role in local, regional, state and national economies, both directly and indirectly, by supporting freight and passenger transportation, manufacturing, agriculture, tourism and outdoor recreation as well as a number of other related industrial sectors.
To qualify, a business must invest at least $1 million in buildings and/or equipment. A corporate income tax credit equal to 5% of eligible investment may be awarded to qualifying manufacturers with a maximum available credit of $1 million per project.
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 ...