Mississippi Administrative Code
Title 6 - Economic Development
Part 1 - Financial Resources
Chapter 2 - Advantage Jobs Incentive Program
Rule 6-1-2.6 - Net Economic Benefit
Current through September 24, 2024
The amount of the Advantage Jobs rebate is tied directly to the net economic benefit received by the state. This net benefit is shown as a Mississippi percentage of payroll that, based on the number of jobs and average annual salary estimates provided by the company, is allowable given the economic impact of the project. The net economic benefit is the lesser of:
A. The qualified employees' state personal income tax withholding;
B. A cost/benefit analysis prepared by MDA (the net benefit rate and the cumulative estimated net direct state benefit); or
C. A legal maximum of 4%.
Once the company has met all eligibility requirements, it must notify the Tax Commission. The Tax Commission will insure that the company has complied with all program requirements for four quarters.
Miss. Code Ann. § 57-62-9 (Rev. 2008)
