Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Income tax exemptions for businesses locating or expanding in Mississippi's designated Growth and Prosperity Areas (GAP zones). Qualifying businesses receive 10-year state income tax exemptions plus sales/use tax exemptions on construction materials, equipment, and utilities.
Do I qualify?
Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Business must locate in a designated Mississippi GAP zone (higher poverty/unemployment area)
2.10-year state income tax exemption on income from qualifying activities
3.Sales/use tax exemptions on construction materials, equipment, utilities
4.Minimum investment or job creation required (negotiated)
5.Apply through Mississippi Development Authority
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