Mississippi Administrative Code
Title 6 - Economic Development
Part 9 - Economic Development Division
Chapter 3 - Mississippi Flexible Tax Incentive Program - mFLEX
Rule 6-9-3.9 - mFLEX Credit Utilization

Upon receipt of the certification by the applicant, certified credit amounts can be taken as a credit on all Department of Revenue tax returns filed by the applicant or its identified affiliates after the certification date. A limit of twenty percent (20%) of the total credit awarded may be applied to payroll withholding tax liability for any given year. Credits may not be used to offset tax liability incurred prior to the certification date.

Miss. Code Ann. § 57-114-1 et seq.