Mississippi R&D Tax Credit Summary

Mississippi R&D tax credit, R&D Tax Credit

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

Refundable Tax Credit – No

  • 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

Academic Research Investor Rebate

Refundable Tax Credit – No

  • 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).

Find out if you qualify for the R&D tax credit

 

SELL YOUR NOL’s AND R&D CREDITS

If your company hasn’t considered the R&D credit in the past because you have net operating losses (NOLs) and could not utilize the credit contact us today to find out which states allow you to sell your credits and losses for up to 95 cents on the dollar. Also, qualified start-up companies can now take a credit on their payroll taxes for their R&D credit, allowing your company to utilize the R&D credit immediately, even if your company does not have taxable income.
FIND OUT MORE TODAY

 

States Offering R&D Credit:

                             States Without R&D Credit

Alabama
District of Columbia
Missouri
Montana
Nevada
Oklahoma
South Dakota
Tennessee
Washington
West Virginia
Wyoming