Mississippi Administrative Code
Title 35 - Department of Revenue
Part 10 - Economic Development
Chapter 04 - Basic Skill Training or Retraining Tax Credit
Section 35-10-04-107

The credit cannot be used by any business enterprise or corporation other than the business enterprise actually qualifying for the credit. Credit received by a partnership, LLC or 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.