Academic Research Investor Rebate
- Investors incurring qualified research costs subject to a research agreement are eligible for a rebate equal to 25% of the investors qualified research costs up to a maximum rebate of $1 million per investor per fiscal year and a maximum rebate amount of $5 million for all investors per fiscal year
How to Obtain the Credit?
To obtain this rebate, investors must submit an application to the Board of Trustees of State Institutions of Higher Learning in Mississippi (IHL).
Refundable/Transferable Tax Credit – No