Mississippi Administrative Code
Title 35 - Department of Revenue
Part 10 - Economic Development
Chapter 01 - Jobs Tax Credit
Section 35-10-01-107

To determine whether a taxpayer with an existing facility has created the minimum number of jobs to qualify for the credit, the taxpayer must compare the average annual employment level for the previous year with the average annual employment in the current year. If the amount of the increase exceeds the minimum required, then the employer would qualify for the credit. This allows the credit for employers who have not constructed a new facility, but have substantially increased employment at an existing facility.