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MS
Mississippi Flexible Tax Incentive
Provides a universal Mississippi tax credit to eligible companies creating new jobs or making capital investments in the state.
About this program
Mississippi's Flexible Tax Incentive, known as MFLEX, is a streamlined one-application incentive program that provides a universal tax credit to eligible new and expanding businesses. The credit can be used to offset Mississippi income, sales and use, franchise, and payroll withholding tax liabilities, with the credit amount based on planned capital investment, new jobs, and annual payroll.
Eligibility
Eligible applicants are new companies locating in Mississippi or existing businesses creating new jobs and investment in Mississippi in eligible industry categories.
Requirements
- Company must be locating in Mississippi or expanding an existing Mississippi business.
- Business must create more than 10 new jobs or make planned capital investment exceeding $2.5 million.
- Business must operate in an eligible category such as manufacturing, warehouse or distribution, research and development, headquarters, air transportation or maintenance, data and information processing, technology-intensive enterprise, telecommunications, or data centers.