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MS
Research and Development Skills Tax Credit
Provides Mississippi tax credits for positions requiring research or development skills.
About this program
The Research and Development Skills Tax Credit provides Mississippi income tax credits to eligible entities for employees in positions requiring research or development skills. Credits are equal to $1,000 per employee per year for a five-year period and can be used to reduce income tax liability.
Eligibility
Eligible applicants are Mississippi businesses with employees in positions requiring research or development skills.
Requirements
- Position must require research or development skills.
- Employee must qualify under program requirements.
- Credit is equal to $1,000 per qualifying employee per year.