Mississippi Administrative Code
Title 35 - Department of Revenue
Part 10 - Economic Development
Chapter 03 - Research and Development Skills Credit
Section 35-10-03-106

The credit cannot be used by any business enterprise or corporation other than the business enterprise actually creating the jobs qualifying for the credits. Credit received by a partnership, LLC or an S-Corporation may be passed through to offset tax due from the activity that created the credit. The credit is subject to the same limitations that the pass through entity would have had. The tax due on salaries or wages paid by an S-Corporation and guaranteed payments to partners by a partnership cannot be offset by the credit.