Mississippi Administrative Code
Title 35 - Department of Revenue
Part 10 - Economic Development
Chapter 02 - National or Regional Headquarters Credit and National or Regional Headquarters Relocation Tax Credit
Section 35-10-02-102

The amount of the credit is $500.00 for each net new full time employee for the first five (5) years. The amount of the credit is increased to $1,000.00 provided the employee's salary (excluding benefits not subject to Mississippi income tax) is one hundred twenty-five percent (125%) of the average annual wage of the state. If the employee's salary (excluding benefits not subject to Mississippi income tax) is two hundred percent (200%) of the average annual wage of the state, the credit is increased to $2,000.00 for that employee. The average annual wage is the most recently published average annual wage as determined by the Mississippi Department of Employment Security.