MISSISSIPPI R&D TAX CREDIT SUMMARY
Mississippi State R&D Tax Credits
Mississippi provides an income tax credit for new jobs requiring research and development skills. Additionally, the state provides a rebate for investors’ qualified research costs.
Mississippi State R&D Skills Tax Credit
- Research and Development Skills Tax Credits are credits equal to $1,000 per employee per year for a five year period and can be used to reduce an eligible entity’s income tax liability
- These credits are available for any position requiring research or development skills
- There is no minimum number of positions that must be created to qualify for this credit
Refundable/Transferable Tax Credit – No
